Partners Wealth Management LLC Purchases 17,684 Shares of Uber Technologies, Inc. $UBER

Key Points

• Partners Wealth Management LLC purchased 17,684 Uber shares in the third quarter, valued at approximately $1.21 million. Institutional investors collectively own 80.24% of the company.
• Analysts maintain a generally positive outlook, with Uber receiving a consensus “Moderate Buy” rating and an average price target of $102.97, compared with a recent opening price of $65.16.
• Uber’s growth prospects include strong Mobility and Delivery demand, but regulatory pressure, tougher delivery competition and potential autonomous-vehicle disruption remain key risks for investors.

Partners Wealth Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,684 shares of the ride-sharing company's stock, valued at approximately $1,212,000.

Other large investors have also recently bought and sold shares of the company. Public Investment Fund acquired a new position in Uber Technologies in the second quarter valued at $5,256,173,439. Legal & General Group Plc purchased a new stake in shares of Uber Technologies in the second quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Uber Technologies during the second quarter worth about $752,151,000. Fundsmith LLP acquired a new stake in shares of Uber Technologies during the second quarter worth about $645,338,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of Uber Technologies during the second quarter worth about $426,727,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies News Summary

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

Analysts Set New Price Targets

Several brokerages recently issued reports on UBER. Weiss Ratings cut Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Rosenblatt Securities assumed coverage on Uber Technologies in a research note on Tuesday, September 1st. They set a "buy" rating and a $100.00 price objective for the company. Wells Fargo & Company increased their price objective on Uber Technologies from $89.00 to $92.00 and gave the stock an "overweight" rating in a research report on Monday, October 5th. Needham & Company LLC reiterated a "buy" rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. Finally, KeyCorp dropped their target price on Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $102.97.

Uber Technologies Stock Down 0.9%

Shares of NYSE:UBER opened at $65.16 on Friday. The company has a market cap of $133.09 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 6.28 and a beta of 1.27. The firm's 50-day simple moving average is $71.21 and its 200-day simple moving average is $73.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a fifty-two week low of $64.04 and a fifty-two week high of $100.35.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion for the quarter, compared to analyst estimates 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 was up 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the completion of the transaction, the insider owned 149,525 shares in the company, valued at $10,662,627.75. This trade represents a 15.85% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi acquired 141,000 shares of Uber Technologies stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the purchase, the chief executive officer directly owned 1,367,100 shares of the company's stock, valued at approximately $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.81% of the company's stock.

About Uber Technologies

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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