Uber Technologies, Inc. $UBER Holdings Raised by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. increased its Uber stake by 14.7% in the third quarter, bringing its holdings to 288,494 shares valued at approximately $19.8 million. Institutional investors and hedge funds collectively own 80.24% of Uber.
• Wall Street analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $103.11; two analysts rate the stock a Strong Buy and 34 rate it a Buy.
• Uber insiders also purchased shares: CEO Dara Khosrowshahi bought 141,000 shares and Andrew Macdonald acquired 70,000 shares. The stock opened at $66.10, near its 12-month low of $65.41.

Oppenheimer & Co. Inc. grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 288,494 shares of the ride-sharing company's stock after acquiring an additional 36,886 shares during the period. Oppenheimer & Co. Inc.'s holdings in Uber Technologies were worth $19,765,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of UBER. Portus Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at $25,000. Dunhill Financial LLC acquired a new position in shares of Uber Technologies during the second quarter valued at $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of Uber Technologies during the second quarter valued at $29,000. Elevation Wealth Partners LLC lifted its stake in shares of Uber Technologies by 209.8% during the second quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 277 shares during the period. Finally, Persistent Asset Partners Ltd bought a new position in Uber Technologies in the second quarter valued at about $32,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBER. BMO Capital Markets set a $119.00 price objective on Uber Technologies in a research report on Thursday, September 3rd. Rosenblatt Securities started coverage on Uber Technologies in a report on Tuesday, September 1st. They set a "buy" rating and a $100.00 price objective for the company. KeyCorp cut their target price on shares of Uber Technologies from $110.00 to $105.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 14th. Scotiabank began coverage on shares of Uber Technologies in a research note on Wednesday, September 9th. They issued a "sector outperform" rating and a $100.00 target price on the stock. Finally, UBS Group reiterated a "buy" rating on shares of Uber Technologies in a research report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.11.

Insider Activity

In other news, CEO Dara Khosrowshahi purchased 141,000 shares of the business's stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,367,100 shares of the company's stock, valued at approximately $97,009,416. The trade was a 11.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, insider Andrew Macdonald acquired 70,000 shares of Uber Technologies stock in a transaction that occurred on 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 purchase, the insider directly owned 426,320 shares in the company, valued at $32,327,845.60. The trade was a 19.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 0.9%

NYSE UBER opened at $66.10 on Tuesday. The stock has a 50-day simple moving average of $72.28 and a 200 day simple moving average of $73.94. The company has a market capitalization of $135.02 billion, a PE ratio of 14.53, a P/E/G ratio of 5.70 and a beta of 1.27. 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 12 month low of $65.41 and a 12 month high of $100.35.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The company's quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Research analysts forecast that Uber Technologies, Inc. will post 3.20 EPS for the current year.

Uber Technologies 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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