M&T Bank Corp Buys 32,928 Shares of Uber Technologies, Inc. $UBER

Key Points

• M&T Bank Corp increased its stake in Uber by 8.2%, purchasing 32,928 shares to hold 432,616 shares worth about $35.35 million per its latest 13F filing.
• Uber missed quarterly EPS ($0.71 vs. $0.79 expected) and gave cautious Q1 guidance (0.650–0.720 EPS), but analysts maintain a consensus "Moderate Buy" rating with a $105.11 price target while the stock trades around $74.
• Notable insider moves: CFO Balaji Krishnamurthy bought 22,453 shares (a 357% increase), SVP Nikki Krishnamurthy sold 30,000 shares, and insiders collectively own 3.81% of the company.

M&T Bank Corp lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 432,616 shares of the ride-sharing company's stock after acquiring an additional 32,928 shares during the quarter. M&T Bank Corp's holdings in Uber Technologies were worth $35,349,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in UBER. Measured Wealth Private Client Group LLC acquired a new position in Uber Technologies during the third quarter valued at approximately $25,000. Imprint Wealth LLC acquired a new stake in shares of Uber Technologies in the third quarter worth $32,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in shares of Uber Technologies in the third quarter worth $34,000. Hager Investment Management Services LLC boosted its holdings in shares of Uber Technologies by 276.2% during the 4th quarter. Hager Investment Management Services LLC now owns 489 shares of the ride-sharing company's stock worth $40,000 after buying an additional 359 shares during the period. Finally, Financial Network Wealth Advisors LLC boosted its holdings in shares of Uber Technologies by 116.7% during the 3rd quarter. Financial Network Wealth Advisors LLC now owns 455 shares of the ride-sharing company's stock worth $45,000 after buying an additional 245 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a report on Thursday, February 5th. Roth Mkm set a $105.00 price target on shares of Uber Technologies in a report on Thursday, February 5th. Wells Fargo & Company dropped their price objective on Uber Technologies from $100.00 to $95.00 and set an "overweight" rating on the stock in a research note on Monday, March 30th. KeyCorp cut their price objective on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating for the company in a research report on Tuesday, January 20th. Finally, Citigroup restated a "buy" rating on shares of Uber Technologies in a research note on Tuesday, March 17th. One investment analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $105.11.

Uber Technologies Stock Performance

NYSE UBER opened at $73.96 on Tuesday. The company's fifty day moving average is $73.91 and its two-hundred day moving average is $81.16. Uber Technologies, Inc. has a 52-week low of $68.46 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market capitalization of $151.10 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 6.88 and a beta of 1.16.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The firm had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. During the same quarter in the prior year, the firm earned $3.21 earnings per share. The company's revenue was up 20.1% on a year-over-year basis. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 3.34 EPS for the current year.

Key Uber Technologies News

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

• Positive Sentiment: Uber Eats expanded grocery reach after Ahold Delhaize made nearly 2,000 of its stores available on the Uber Eats marketplace, increasing delivery scale and incremental revenue opportunities. Read More.
• Positive Sentiment: Stop & Shop added 350+ stores to Uber Eats for on-demand delivery, further broadening grocery distribution and partnerships in the U.S. market. Read More.
• Positive Sentiment: Uber unveiled in-app hotel bookings (powered by Expedia), travel tools, AI voice booking and Uber One upgrades at its GO–GET event — a push to make the app a multi-product travel & local services platform that can boost take-rates and lifetime value. Read More.
• Positive Sentiment: Coverage notes Uber’s expanding robotaxi commitment (reported in previews of Lucid’s results), citing a roughly 35,000-vehicle order expansion — a large, long-term revenue and margin lever if autonomous deployment progresses. Read More.
• Positive Sentiment: Product/perk rollouts aimed at improving user experience and retention were highlighted in coverage of a new customer perk, supporting engagement and monetization. Read More.
• Neutral Sentiment: Analysts continue to reassess expectations for ride-hailing peers (Uber vs. Lyft), which provides context but not a clear directional catalyst for UBER on its own. Read More.
• Neutral Sentiment: Wider-market earnings trends (S&P 500 profit/revenue acceleration) are a macro tailwind for growth stocks, but impact on Uber depends on execution and margin conversion. Read More.
• Neutral Sentiment: Opinion pieces and bullish theses are circulating about UBER’s long-term upside; these provide varied viewpoints but not immediate hard catalysts. Read More.
• Negative Sentiment: Near-term pressure from last reported results: Uber missed EPS expectations in its most recent quarter and set relatively cautious near-term guidance, which remains the primary reason investors are discounting the stock despite product/partnership progress.

Insiders Place Their Bets

In other Uber Technologies news, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were acquired at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the completion of the purchase, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. The trade was a 357.02% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 30,000 shares of Uber Technologies stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the sale, the senior vice president directly owned 460,756 shares in the company, valued at $34,303,284.20. The trade was a 6.11% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.81% of the stock is owned by insiders.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber's principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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