Uber Technologies, Inc. $UBER Shares Sold by Bell Asset Management Ltd

Key Points

• Bell Asset Management cut its Uber stake by 32.6% in the third quarter, selling 18,350 shares and retaining 37,988 shares valued at approximately $2.6 million.
• Other institutions, including Grove Bank & Trust, CoreCap Advisors and Atwood & Palmer, increased their positions; institutional investors and hedge funds collectively own 80.24% of Uber stock.
• Uber’s outlook includes growth opportunities from its planned $2.3 billion ezCater acquisition and robotaxi testing with Pony.ai, while investors remain concerned about acquisition costs, soft guidance and rising investment needs. Analysts maintain a broadly positive view, with a consensus “Moderate Buy” rating and an average price target of $103.11.

Bell Asset Management Ltd cut its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 32.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,988 shares of the ride-sharing company's stock after selling 18,350 shares during the period. Bell Asset Management Ltd's holdings in Uber Technologies were worth $2,603,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Grove Bank & Trust grew its holdings in Uber Technologies by 9.1% during the 3rd quarter. Grove Bank & Trust now owns 18,973 shares of the ride-sharing company's stock worth $1,300,000 after acquiring an additional 1,590 shares during the period. CoreCap Advisors LLC boosted its position in shares of Uber Technologies by 16.6% during the 3rd quarter. CoreCap Advisors LLC now owns 99,977 shares of the ride-sharing company's stock valued at $6,849,000 after purchasing an additional 14,239 shares in the last quarter. Atwood & Palmer Inc. boosted its position in shares of Uber Technologies by 4.4% during the 3rd quarter. Atwood & Palmer Inc. now owns 194,658 shares of the ride-sharing company's stock valued at $13,336,000 after purchasing an additional 8,256 shares in the last quarter. Avidian Wealth Enterprises LLC grew its stake in Uber Technologies by 9.5% during the third quarter. Avidian Wealth Enterprises LLC now owns 14,367 shares of the ride-sharing company's stock worth $984,000 after purchasing an additional 1,250 shares during the period. Finally, Tactive Advisors LLC acquired a new stake in Uber Technologies during the third quarter worth approximately $245,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Uber agreed to acquire ezCater for approximately $2.3 billion in cash. The deal would give Uber Eats access to ezCater’s network of more than 140,000 restaurants and strengthen its position in workplace catering and Uber for Business. Analysts believe the acquisition could increase high-value orders, bookings and long-term delivery growth. Uber to Expand Food Delivery Reach Via ezCater Buy
• Positive Sentiment: Uber and Pony.ai are advancing plans to test robotaxis in London. Testing of Pony.ai’s Gen-7 autonomous vehicles is expected to begin within weeks, supporting Uber’s goal of expanding autonomous ride-hailing across as many as 15 cities by the end of 2026. The partnership gives Uber exposure to the potentially fast-growing robotaxi market without having to develop all of the technology internally. Uber and Pony.ai plan to launch robotaxis in London
• Positive Sentiment: Citizens JMP reaffirmed a Market Outperform rating and maintained a $100 price target, implying substantial potential upside from recent trading levels. Uber’s recent earnings also modestly exceeded consensus profit expectations, while revenue grew year over year.
• Neutral Sentiment: Investor commentary highlighted strong bookings and operational growth, but described Uber’s outlook as tempered by soft guidance. The market is weighing whether continued growth can offset rising investment needs in delivery, autonomous vehicles and acquisitions.
• Negative Sentiment: The ezCater transaction has drawn criticism from some retail investors, who question whether Uber is paying too much and whether acquisitions are preferable to building capabilities internally. Paying cash also reduces financial flexibility, while broader plans involving Delivery Hero could significantly increase the overall acquisition commitment.
• Negative Sentiment: Reports that riders are paying more while waiting longer could pressure customer satisfaction and demand. Uber also settled another bellwether sexual-assault lawsuit, adding to the company’s ongoing legal and reputational risks.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 28,170 shares of the company's stock in a transaction dated 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 sale, the insider directly owned 149,525 shares in the company, valued at $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi purchased 141,000 shares of the stock in a transaction dated Thursday, September 10th. The stock was purchased at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the acquisition, the chief executive officer owned 1,367,100 shares of the company's stock, valued at approximately $97,009,416. This represents a 11.50% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Piper Sandler reaffirmed an "overweight" rating on shares of Uber Technologies in a research note on Thursday, August 13th. Susquehanna decreased their target price on Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a research report on Thursday, August 6th. UBS Group reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Tuesday, September 8th. Rosenblatt Securities began coverage on shares of Uber Technologies in a research report on Tuesday, September 1st. They issued a "buy" rating and a $100.00 price target for the company. Finally, Weiss Ratings lowered Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a report on Monday, September 21st. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $103.11.

Uber Technologies Stock Performance

Shares of UBER stock opened at $70.25 on Friday. The firm has a market cap of $143.48 billion, a price-to-earnings ratio of 15.44, a P/E/G ratio of 5.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $100.35. The firm's 50-day simple moving average is $73.15 and its two-hundred day simple moving average is $72.95.

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 analysts' consensus estimates of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to the consensus estimate 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 was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 3.35 earnings per share for the current year.

Uber Technologies Profile

Uber Technologies, Inc NYSE: UBER is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.

Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.

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