Uber Technologies, Inc. $UBER Shares Sold by Engineers Gate Manager LP

Key Points

• Engineers Gate Manager LP cut its Uber stake by 96.7% in the second quarter, selling 184,287 shares and retaining 6,374 shares valued at approximately $460,000. Institutional investors collectively own 80.24% of Uber’s stock.
• Analysts maintain a generally positive outlook, with Uber receiving a consensus rating of “Moderate Buy” and an average price target of $103.03. Recent targets range from $74 to $150.
• Uber’s latest quarter showed 12.2% year-over-year revenue growth and earnings slightly above expectations, while insiders made mixed moves: CEO Dara Khosrowshahi bought 141,000 shares, and insider Jill Hazelbaker sold 28,170 shares.

Engineers Gate Manager LP decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 96.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,374 shares of the ride-sharing company's stock after selling 184,287 shares during the quarter. Engineers Gate Manager LP's holdings in Uber Technologies were worth $460,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of UBER. Hazlett Burt & Watson Inc. raised its stake in Uber Technologies by 3.0% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 4,831 shares of the ride-sharing company's stock valued at $395,000 after purchasing an additional 139 shares in the last quarter. Stonebrook Private Inc. grew its stake in Uber Technologies by 6.1% during the fourth quarter. Stonebrook Private Inc. now owns 2,479 shares of the ride-sharing company's stock worth $203,000 after buying an additional 143 shares in the last quarter. Avion Wealth increased its holdings in Uber Technologies by 17.3% in the 1st quarter. Avion Wealth now owns 984 shares of the ride-sharing company's stock valued at $70,000 after buying an additional 145 shares during the period. Capital Advisors Ltd. LLC raised its position in shares of Uber Technologies by 15.8% in the 1st quarter. Capital Advisors Ltd. LLC now owns 1,078 shares of the ride-sharing company's stock valued at $78,000 after buying an additional 147 shares in the last quarter. Finally, Ariadne Wealth Management LP lifted its holdings in shares of Uber Technologies by 4.2% during the 4th quarter. Ariadne Wealth Management LP now owns 3,760 shares of the ride-sharing company's stock worth $307,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Mizuho set a $112.00 price objective on shares of Uber Technologies in a research note on Thursday, August 6th. Arete Research set a $74.00 target price on Uber Technologies and gave the company a "neutral" rating in a report on Thursday, September 10th. Evercore reissued an "outperform" rating and set a $150.00 price target on shares of Uber Technologies in a report on Wednesday, August 5th. Wolfe Research set a $100.00 price objective on Uber Technologies in a research report on Friday, May 29th. Finally, DA Davidson reduced their price objective on Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $103.03.

Insiders Place Their Bets

In related news, 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 value of $2,008,802.70. Following the transaction, the insider directly owned 149,525 shares of the company's stock, valued at $10,662,627.75. The trade was a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction that occurred on Thursday, September 10th. The stock was bought at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the acquisition, the chief executive officer directly owned 1,367,100 shares of the company's stock, valued at $97,009,416. The trade was a 11.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.81% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $69.42 on Thursday. The firm has a market capitalization of $141.80 billion, a price-to-earnings ratio of 15.26, a PEG ratio of 5.69 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The business's 50-day moving average price is $73.51 and its 200-day moving average price is $73.39. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.29.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, topping analysts' consensus estimates 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 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 period in the previous year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 3.35 EPS for the current year.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber’s investment case remains supported by fundamentals: second-quarter gross bookings increased 22% in constant currency for a fourth consecutive quarter above 20%, while free cash flow surpassed $10 billion. The stock’s roughly one-third decline over the past year has therefore created a valuation argument for investors who believe the business remains healthy. Why Uber Is a Good Investment at Today’s Price
• Positive Sentiment: Uber Freight plans a significant, multiyear expansion in Europe through a new Krakow hub, supporting its fourth-party logistics strategy and potential long-term growth beyond ridesharing. Uber Freight Makes Significant Multiyear Bet on Europe
• Positive Sentiment: Erste Group raised its 2027 Uber earnings forecast slightly to $4.42 per share from $4.41, reinforcing the view that future profitability may continue improving.
• Neutral Sentiment: Uber is reshaping its strategy for the robotaxi era, including reported investment of about $10 billion in autonomous-vehicle initiatives and partnerships. This could protect its marketplace position, but it also requires substantial spending as Waymo, Tesla and Zoox expand.
• Neutral Sentiment: Uber’s reported plans involving Delivery Hero’s food-delivery assets are facing antitrust scrutiny in South Korea, while the company has filed for regulatory review. Approval could expand Uber’s delivery presence, but the process introduces uncertainty around timing and deal completion.
• Neutral Sentiment: Uber reportedly retains a 13.5% stake in Grab but has given up a board seat, suggesting it may not pursue a full takeover and could redirect capital toward other opportunities. Why Uber May Not Complete Its Grab Takeover
• Negative Sentiment: Investors remain concerned that Tesla’s Cybercab rollout and competing robotaxi services could reduce Uber’s ride volume, pricing power and long-term margins. This competitive threat is a major reason Uber and other rideshare stocks have underperformed.
• Negative Sentiment: Uber is responding to an investigation into alleged account sharing and rideshare fraud at Dallas-Fort Worth International Airport, creating potential reputational, compliance and operational risks.

Uber Technologies Company 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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