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

Key Points

• Envestnet Asset Management reduced its Uber position by 4.1%, selling 236,879 shares and retaining 5.61 million shares valued at approximately $404.6 million. Institutional investors collectively own 80.24% of Uber.
• Uber reported quarterly EPS of $0.81, slightly beating estimates, while revenue rose 12.2% year over year to $14.19 billion. The company issued third-quarter EPS guidance of $0.84–$0.88.
• Despite the stock trading near $69.42, analysts maintain a consensus “Moderate Buy” rating with an average price target of $103.03; Uber’s CEO and another insider also recently made significant stock purchases.

Envestnet Asset Management Inc. lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,606,516 shares of the ride-sharing company's stock after selling 236,879 shares during the period. Envestnet Asset Management Inc. owned approximately 0.27% of Uber Technologies worth $404,565,000 at the end of the most recent reporting period.

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

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $69.42 on Thursday. The company's fifty day moving average is $73.51 and its two-hundred day moving average is $73.39. 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, Inc. has a 12-month low of $65.41 and a 12-month high of $101.29. The company has a market cap of $141.80 billion, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 5.69 and a beta of 1.16.

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, beating analysts' consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during 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 revenue for the quarter was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts expect that Uber Technologies, Inc. will post 3.35 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Monday, July 20th. Piper Sandler restated an "overweight" rating on shares of Uber Technologies in a research report on Thursday, August 13th. Cantor Fitzgerald cut their price objective on shares of Uber Technologies from $98.00 to $90.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Rosenblatt Securities started coverage on Uber Technologies in a report on Tuesday, September 1st. They set a "buy" rating and a $100.00 target price on the stock. Finally, Barclays lowered their target price on Uber Technologies from $107.00 to $106.00 and set an "overweight" 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-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 stock has a consensus rating of "Moderate Buy" and an average price target of $103.03.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi bought 141,000 shares of the company's stock in a transaction on Thursday, September 10th. The shares were bought at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, the chief executive officer directly owned 1,367,100 shares in the company, valued at approximately $97,009,416. This trade represents a 11.50% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew Macdonald purchased 70,000 shares of the business's stock in a transaction dated Friday, September 4th. The shares were purchased at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the purchase, the insider directly owned 426,320 shares in the company, valued at approximately $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is owned by insiders.

Trending Headlines about 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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