NewEdge Advisors LLC Sells 25,355 Shares of Uber Technologies, Inc. $UBER

Key Points

• NewEdge Advisors reduced its Uber stake by 9%, selling 25,355 shares and retaining 255,446 shares valued at approximately $18.4 million. Institutional investors collectively own 80.24% of Uber’s stock.
• Uber insiders showed confidence in the company, with CEO Dara Khosrowshahi buying 141,000 shares for roughly $10 million and insider Andrew Macdonald purchasing 70,000 shares.
• Uber reported quarterly EPS of $0.81, slightly ahead of estimates, while revenue increased 12.2% year over year to $14.19 billion. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $103.03.

NewEdge Advisors LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 255,446 shares of the ride-sharing company's stock after selling 25,355 shares during the quarter. NewEdge Advisors LLC's holdings in Uber Technologies were worth $18,433,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UBER. Measured Wealth Private Client Group LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $25,000. Nalls Sherbakoff Group LLC bought a new stake in Uber Technologies in the fourth quarter worth $25,000. Osbon Capital Management LLC bought a new stake in Uber Technologies in the fourth quarter worth $25,000. Imprint Wealth LLC purchased a new position in Uber Technologies during the third quarter worth $32,000. Finally, Lloyd Advisory Services LLC. purchased a new position in Uber Technologies during the fourth quarter worth $27,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In other news, insider Andrew Macdonald acquired 70,000 shares of the company's stock in a transaction that occurred on Friday, September 4th. The shares were bought 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Dara Khosrowshahi acquired 141,000 shares of Uber Technologies stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the acquisition, the chief executive officer directly owned 1,367,100 shares in the company, 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. Company insiders own 3.81% of the company's stock.

Uber Technologies Stock Up 2.2%

Shares of UBER opened at $72.64 on Friday. The firm has a market capitalization of $148.38 billion, a P/E ratio of 15.97, a P/E/G ratio of 5.63 and a beta of 1.16. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $101.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $74.01 and a 200-day moving average price of $73.61.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to analysts' expectations of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business's revenue for the quarter was up 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 3.45 earnings per share for the current year.

More Uber Technologies News

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

• Positive Sentiment: CEO Dara Khosrowshahi purchased 141,000 shares for approximately $10 million at an average price of $70.96, increasing his direct ownership by 11.5%. The large purchase is being interpreted as a signal that management considers Uber undervalued. Uber CEO stock purchase article
• Positive Sentiment: Scotiabank initiated coverage with a “sector outperform” rating and a $100 price target, implying significant upside from recent trading levels. Wedbush has also maintained an “outperform” rating, reinforcing the favorable sell-side view.
• Positive Sentiment: Uber, WeRide and AVOMO received Spain’s first national permit for Level 4 autonomous passenger vehicles on public roads. The partners plan to begin mapping and supervised testing with an initial 20-vehicle fleet in Madrid, targeting commercial operations by the end of 2026. The approval supports Uber’s strategy of offering robotaxi services through partners rather than building vehicles itself. Reuters Spain autonomous vehicle permit article
• Positive Sentiment: A new Wakefern partnership adds more than 375 supermarkets, including ShopRite and other regional banners, to Uber Eats. The deal expands grocery delivery scale and strengthens Uber’s presence in recurring everyday purchases. Uber Wakefern grocery partnership article
• Neutral Sentiment: Unusually heavy call-option activity and management commentary at the Goldman Sachs technology conference indicate heightened investor interest, but options positioning and conference remarks do not necessarily change Uber’s underlying earnings outlook.
• Negative Sentiment: Uber drivers in Amsterdam sued over claims that the company’s pay algorithm reduced earnings and violated privacy laws. Potential legal costs, regulatory scrutiny and changes to driver compensation could pressure margins if the claims gain traction. Amsterdam Uber driver lawsuit article
• Negative Sentiment: Management said savings from layoffs and lower insurance costs may be used to reduce ride prices. While this could stimulate demand, it may also limit near-term revenue or margin expansion and adds to concerns surrounding Uber’s restructuring and large autonomous-vehicle investments.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. Guggenheim reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Thursday, September 3rd. DA Davidson cut their price target on shares of Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. BTIG Research reissued a "buy" rating and issued a $100.00 price objective on shares of Uber Technologies in a research report on Thursday, September 3rd. Finally, UBS Group reissued a "buy" rating on shares of Uber Technologies in a research note on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.03.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company's core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.

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