Mirae Asset Global Investments Co. Ltd. Purchases 676,063 Shares of Uber Technologies, Inc. $UBER

Key Points

• Mirae Asset Global Investments initiated a stake of 676,063 Uber shares in the third quarter, valued at approximately $46.3 million. Institutional investors collectively own 80.24% of Uber’s outstanding stock.
• Uber’s latest quarterly results slightly exceeded earnings expectations, with EPS of $0.81 versus the $0.80 consensus estimate, while revenue rose 12.2% year over year to $14.19 billion.
• Insiders Andrew Macdonald and CEO Dara Khosrowshahi made significant stock purchases, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $102.97.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 676,063 shares of the ride-sharing company's stock, valued at approximately $46,317,000.

Other large investors have also recently added to or reduced their stakes in the company. Avion Wealth lifted its position in shares of Uber Technologies by 17.3% in the first quarter. Avion Wealth now owns 984 shares of the ride-sharing company's stock valued at $70,000 after buying an additional 145 shares during the last quarter. Frazier Financial Advisors LLC increased its holdings in shares of Uber Technologies by 8.5% during the 1st quarter. Frazier Financial Advisors LLC now owns 1,942 shares of the ride-sharing company's stock worth $140,000 after acquiring an additional 152 shares during the last quarter. Revisor Wealth Management LLC increased its holdings in shares of Uber Technologies by 3.5% during the 1st quarter. Revisor Wealth Management LLC now owns 4,587 shares of the ride-sharing company's stock worth $330,000 after acquiring an additional 153 shares during the last quarter. Cornerstone Planning Group LLC raised its stake in Uber Technologies by 10.6% in the 2nd quarter. Cornerstone Planning Group LLC now owns 1,624 shares of the ride-sharing company's stock valued at $114,000 after acquiring an additional 155 shares during the period. Finally, CFS Investment Advisory Services LLC raised its stake in Uber Technologies by 6.1% in the 1st quarter. CFS Investment Advisory Services LLC now owns 2,733 shares of the ride-sharing company's stock valued at $211,000 after acquiring an additional 156 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 0.1%

Shares of NYSE:UBER opened at $65.16 on Monday. The company has a market capitalization of $133.09 billion, a P/E ratio of 14.32, a P/E/G ratio of 6.24 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $64.04 and a 1 year high of $100.35. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The business's 50 day simple moving average is $71.21 and its 200 day simple moving average is $73.44.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The company's quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Andrew Macdonald purchased 70,000 shares of the company's stock in a transaction that occurred on Friday, September 4th. The stock was acquired at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the purchase, the insider directly owned 426,320 shares in the company, valued at $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were purchased at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, the chief executive officer directly owned 1,367,100 shares of the company's stock, valued at $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.81% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on UBER. Arete Research downgraded Uber Technologies from a "buy" rating to a "neutral" rating and set a $74.00 price target for the company. in a report on Thursday, September 10th. KeyCorp dropped their price objective on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Barclays cut their target price on shares of Uber Technologies from $107.00 to $106.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. BTIG Research reissued a "buy" rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, October 6th. Finally, Wedbush restated an "outperform" rating and set a $91.00 price objective on shares of Uber Technologies in a research report on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $102.97.

More Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: Halloween is expected to generate unusually strong ride-hailing demand, potentially supporting fourth-quarter Mobility bookings and driver activity. The busiest day of the year for Uber and Lyft drivers is almost here
• Positive Sentiment: Uber’s Delivery business continues to expand, with reported delivery bookings growth of 26% and new or expanded relationships involving Key Food, Costco and ezCater. These initiatives could strengthen its grocery and business-to-business delivery presence. How New Rules And Robotaxi Pressure At Uber Technologies Has Changed Its Investment Story
• Positive Sentiment: Wall Street expects another quarter of growth from Mobility and Delivery, while the company’s previous quarter slightly exceeded earnings-per-share expectations. UBER Stock: Here’s What to Expect From Uber's Q3 Earnings Report
• Neutral Sentiment: Uber is approaching its Q3 2026 earnings report, with investors focused on gross bookings, take rate, margins, Delivery trends and management’s autonomous-vehicle strategy. Expectations call for solid operating growth, but the results could produce significant volatility. Ahead of Uber Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Negative Sentiment: Regulatory risks are increasing. A planned U.K. VAT change could raise rider prices and reduce competitiveness, while the FTC is seeking information on how personal data affects pricing and driver compensation. Why Is Uber Technologies Facing New UK Tax And FTC Pressure?
• Negative Sentiment: Uber and other delivery platforms are challenging a New York City law concerning delivery-worker deactivation, adding litigation uncertainty and potential compliance costs. Amazon, Uber, Instacart sue to block NYC law over delivery worker deactivation
• Negative Sentiment: DoorDash’s agreement to acquire Instacart for approximately $17 billion highlights intensifying competition in U.S. food delivery, where Uber Eats is reportedly losing app users. Autonomous-vehicle partnerships also raise concerns that robotaxis could eventually weaken Uber’s core ride-hailing economics. Fewer Americans are opening Uber Eats as DoorDash pulls ahead

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber's Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.

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