Uber Technologies, Inc. $UBER Shares Sold by Galvin Gaustad & Stein LLC

Key Points

• Galvin Gaustad & Stein LLC cut its Uber stake by 31.4% in the third quarter, selling 75,895 shares and retaining 165,575 shares valued at approximately $11.3 million.
• Institutional investors and hedge funds own 80.24% of Uber, while several large investors increased or initiated positions, including Baird Financial Group, UBS Asset Management and the Public Investment Fund.
• Analysts maintain a generally positive outlook, with Uber receiving a consensus “Moderate Buy” rating and a $103.11 average price target; insiders also bought shares, including CEO Dara Khosrowshahi’s $10 million purchase.

Galvin Gaustad & Stein LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 31.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 165,575 shares of the ride-sharing company's stock after selling 75,895 shares during the quarter. Galvin Gaustad & Stein LLC's holdings in Uber Technologies were worth $11,344,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of UBER. Public Investment Fund acquired a new position in Uber Technologies during the second quarter worth $5,256,173,439. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Uber Technologies by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,078,612 shares of the ride-sharing company's stock valued at $1,068,653,000 after acquiring an additional 258,448 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of Uber Technologies during the 2nd quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $752,151,000. Finally, Baird Financial Group Inc. raised its stake in shares of Uber Technologies by 64.4% in 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 acquiring an additional 3,564,073 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a research report on Monday, July 20th. Tigress Financial upped their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, June 12th. Weiss Ratings lowered shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Monday, September 21st. Cantor Fitzgerald dropped their target price on shares of Uber Technologies from $98.00 to $90.00 and set an "overweight" rating on the stock in a report on Thursday, August 6th. Finally, Scotiabank started coverage on shares of Uber Technologies in a research report on Wednesday, September 9th. They set a "sector outperform" rating and a $100.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $103.11.

Uber Technologies Trading Up 2.6%

Shares of UBER stock opened at $70.25 on Friday. The firm has a market capitalization of $143.48 billion, a P/E ratio of 15.44, a price-to-earnings-growth ratio of 5.57 and a beta of 1.27. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $100.35. The firm's fifty day simple moving average is $73.15 and its 200 day simple moving average is $72.95. 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 (NYSE:UBER - Get Free Report) last issued its quarterly 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 business's revenue was up 12.2% on a year-over-year basis. 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, sell-side analysts predict that Uber Technologies, Inc. will post 3.35 EPS for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Andrew Macdonald purchased 70,000 shares of the stock in a transaction on Friday, September 4th. The shares were purchased at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the acquisition, the insider directly owned 426,320 shares of the company's stock, valued at $32,327,845.60. This represents a 19.65% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the company's stock in a transaction dated Thursday, September 10th. The stock was acquired 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 owned 1,367,100 shares in the company, valued at approximately $97,009,416. This represents a 11.50% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is owned by corporate insiders.

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.

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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