Reynders McVeigh Capital Management LLC Sells 177,279 Shares of Uber Technologies, Inc. $UBER

Key Points

• Reynders McVeigh Capital Management cut its Uber stake by 65.3%, selling 177,279 shares and retaining 94,291 shares valued at approximately $6.8 million. Institutional investors still own about 80.24% of Uber’s stock.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $103.03. Uber’s latest quarterly earnings slightly exceeded estimates, while revenue rose 12.2% year over year.
• Uber insiders signaled confidence through major purchases: CEO Dara Khosrowshahi bought roughly $10 million of shares, and Andrew Macdonald acquired about $5.3 million. The stock was recently trading near $71.44, down 1.6% on the day.

Reynders McVeigh Capital Management LLC reduced its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 65.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 94,291 shares of the ride-sharing company's stock after selling 177,279 shares during the period. Reynders McVeigh Capital Management LLC's holdings in Uber Technologies were worth $6,804,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in UBER. Nalls Sherbakoff Group LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at $25,000. Osbon Capital Management LLC purchased a new stake in Uber Technologies in the fourth quarter valued at approximately $25,000. Lloyd Advisory Services LLC. purchased a new stake in shares of Uber Technologies during the 4th quarter valued at $27,000. Gould Capital LLC raised its position in Uber Technologies by 245.0% during the fourth quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company's stock valued at $28,000 after purchasing an additional 245 shares in the last quarter. Finally, Portus Wealth Advisors LLC bought a new stake in Uber Technologies during the first quarter worth about $25,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UBER. Wells Fargo & Company reiterated an "overweight" rating on shares of Uber Technologies in a research report on Wednesday, September 2nd. Evercore restated an "outperform" rating and issued a $150.00 price objective on shares of Uber Technologies in a report on Wednesday, August 5th. Weiss Ratings raised shares of Uber Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research note on Friday, September 4th. DA Davidson reduced their target price 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. Finally, BMO Capital Markets set a $119.00 target price on shares of Uber Technologies in a research report on Thursday, September 3rd. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $103.03.

Key Uber Technologies News

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

• Positive Sentiment: CEO Dara Khosrowshahi purchased approximately 141,000 Uber shares for more than $10 million at an average price near $70.96. The open-market purchase, made without a preset trading plan, may signal management’s confidence that the stock is undervalued. Insider Watch: 3 CEOs Buying Shares
• Positive Sentiment: Uber launched its first autonomous taxis in London with Wayve, supporting its strategy of partnering with autonomous-driving companies rather than developing all technology internally. Uber and Wayve Launch First Autonomous Taxis in London
• Positive Sentiment: Uber Freight won a contract to manage chemical manufacturer OXEA’s transportation across the United States, Canada, Mexico and Europe, providing another validation of its logistics platform and potential business-to-business growth. OXEA taps Uber Freight to manage North American, European logistics
• Positive Sentiment: Uber expanded into Kuwait, adding geographic reach to its mobility business. The financial contribution is not yet clear, but the move supports continued international growth. Kuwait, your Uber has arrived
• Neutral Sentiment: Recent commentary highlights Uber’s asset-light model, delivery growth and strong profitability relative to some consumer-stock peers, though these comparisons do not represent new company guidance. Carnival vs. Uber Technologies
• Negative Sentiment: Uber announced roughly 3,300 corporate layoffs and indicated productivity gains from artificial intelligence could help fund cheaper rides. Lower prices could support demand, but they may also pressure margins and raise concerns about whether promised savings will offset the restructuring. Uber CEO Says 3,300 Layoffs Will Fund Cheaper Rides
• Negative Sentiment: Alphabet-backed Waymo is expanding robotaxi operations in Las Vegas and planning an unsupervised Tokyo launch, intensifying a competitive threat to Uber’s future mobility economics. Waymo Expands Robotaxi Battle

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Andrew Macdonald acquired 70,000 shares of the business's stock in a transaction dated Friday, September 4th. The shares were purchased at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the transaction, the insider owned 426,320 shares in the company, valued at $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of 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 position. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by company insiders.

Uber Technologies Trading Down 1.6%

NYSE:UBER traded down $1.19 during midday trading on Tuesday, reaching $71.44. 15,500,388 shares of the stock traded hands, compared to its average volume of 19,329,037. The stock has a market capitalization of $145.93 billion, a P/E ratio of 15.70, a PEG ratio of 5.54 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 debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The company has a fifty day moving average of $73.96 and a 200 day moving average of $73.63.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating 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 company's revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 3.54 EPS for the current year.

Uber Technologies 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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