Uber Technologies, Inc. $UBER Shares Bought by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems increased its Uber stake by 6.1% in the third quarter, adding 16,000 shares to own 276,650 shares valued at approximately $19.0 million. Institutional investors collectively own 80.24% of Uber.
• Analysts maintain a generally positive outlook, with Uber receiving a “Moderate Buy” consensus rating and an average price target of $102.97, despite some target reductions and a few hold or sell ratings.
• Uber’s growth prospects include strong Mobility demand and 26% Delivery bookings growth, but investors face regulatory pressure, intensifying food-delivery competition and concerns about autonomous vehicles affecting its ride-hailing economics.

VIRGINIA RETIREMENT SYSTEMS ET Al grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 6.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 276,650 shares of the ride-sharing company's stock after purchasing an additional 16,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al's holdings in Uber Technologies were worth $18,953,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. Public Investment Fund acquired a new stake in Uber Technologies in the second quarter worth about $5,256,173,439. Legal & General Group Plc bought a new position in Uber Technologies in the 2nd quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Uber Technologies during the 2nd quarter valued at about $752,151,000. Baird Financial Group Inc. increased its stake in Uber Technologies by 64.4% during the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company's stock valued at $656,609,000 after buying an additional 3,564,073 shares during the period. Finally, Fundsmith LLP acquired a new position in Uber Technologies during the 2nd quarter valued at about $645,338,000. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UBER has been the topic of a number of recent analyst reports. Citizens Jmp restated a "market outperform" rating and set a $100.00 price target on shares of Uber Technologies in a research report on Wednesday, October 7th. Weiss Ratings cut shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday. BTIG Research reiterated a "buy" rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, October 6th. Citigroup reiterated a "market outperform" rating on shares of Uber Technologies in a research note on Wednesday, October 7th. Finally, DA Davidson dropped their target price on Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $102.97.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi acquired 141,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the transaction, the insider directly owned 149,525 shares in the company, valued at $10,662,627.75. This represents a 15.85% decrease in their position. The SEC filing for this sale provides additional information. 3.81% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 0.9%

Shares of UBER stock opened at $65.16 on Friday. The stock has a 50-day simple moving average of $71.21 and a 200 day simple moving average of $73.44. Uber Technologies, Inc. has a fifty-two week low of $64.04 and a fifty-two week high of $100.35. The stock has a market capitalization of $133.09 billion, a P/E ratio of 14.32, a P/E/G ratio of 6.24 and a beta of 1.27. 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 (NYSE:UBER - Get Free Report) last released its 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. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The firm had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. During the same period in the previous year, the company earned $0.60 earnings per share. Uber Technologies's revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 3.20 earnings per share for the current fiscal year.

Key Headlines Impacting Uber Technologies

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

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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