Uber Technologies, Inc. $UBER Holdings Boosted by Arnhold LLC

Key Points

• Arnhold LLC increased its Uber stake by 22.1% in the third quarter, bringing its holdings to 412,985 shares valued at approximately $28.3 million. Institutional investors collectively own 80.24% of Uber’s stock.
• Uber shares opened at $66.10, near the company’s 52-week low of $65.41 and below its 50-day and 200-day moving averages. The stock has a market capitalization of about $135 billion.
• Insiders also purchased shares, including CEO Dara Khosrowshahi’s $10 million acquisition and Andrew Macdonald’s $5.3 million purchase. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $103.11.

Arnhold LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 22.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 412,985 shares of the ride-sharing company's stock after purchasing an additional 74,715 shares during the quarter. Uber Technologies accounts for 2.0% of Arnhold LLC's investment portfolio, making the stock its 13th biggest holding. Arnhold LLC's holdings in Uber Technologies were worth $28,294,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Portus Wealth Advisors LLC purchased a new stake in Uber Technologies in the 1st quarter worth approximately $25,000. Dunhill Financial LLC purchased a new position in shares of Uber Technologies during the 2nd quarter valued at $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Uber Technologies in the second quarter worth $29,000. Elevation Wealth Partners LLC increased its stake in shares of Uber Technologies by 209.8% in the second quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 277 shares during the last quarter. Finally, Persistent Asset Partners Ltd acquired a new position in shares of Uber Technologies in the second quarter worth $32,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 0.9%

Uber Technologies stock opened at $66.10 on Tuesday. The company has a market capitalization of $135.02 billion, a P/E ratio of 11.68, a P/E/G ratio of 5.70 and a beta of 1.27. The firm's fifty day simple moving average is $72.28 and its 200-day simple moving average is $73.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 1-year low of $65.41 and a 1-year high of $100.35.

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 the consensus estimate of $0.80 by $0.01. The business had revenue of $14.19 billion during 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%. Uber Technologies's quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 3.20 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi purchased 141,000 shares of Uber Technologies stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 1,367,100 shares of the company's stock, valued at approximately $97,009,416. This represents a 11.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Macdonald purchased 70,000 shares of the firm's stock in a transaction dated 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 purchase, the insider owned 426,320 shares in the company, valued at $32,327,845.60. This represents a 19.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on UBER. Scotiabank initiated coverage on Uber Technologies in a research report on Wednesday, September 9th. They set a "sector outperform" rating and a $100.00 price objective for the company. Guggenheim reaffirmed a "buy" rating and issued a $125.00 target price on shares of Uber Technologies in a research report on Friday, October 16th. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research note on Monday, July 20th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Uber Technologies in a research note on Wednesday, September 30th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 12th. Two research 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 company presently has an average rating of "Moderate Buy" and a consensus target price of $103.11.

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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