Uber Technologies, Inc. $UBER Stake Lessened by Northeast Investment Management

Key Points

• Northeast Investment Management cut its Uber stake by 47.5% in the third quarter, selling 47,582 shares and retaining 52,513 shares valued at about $3.6 million.
• Uber’s latest quarterly results topped estimates: earnings were $0.88 per share versus $0.86 expected, while revenue reached $14.77 billion and rose 9.6% year over year.
• Analysts gave Uber a consensus “Moderate Buy” rating with an average price target of $102.86; CEO Dara Khosrowshahi also purchased 141,000 shares.

Northeast Investment Management lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 47.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,513 shares of the ride-sharing company's stock after selling 47,582 shares during the quarter. Northeast Investment Management's holdings in Uber Technologies were worth $3,598,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. SFI Advisors LLC acquired a new position in Uber Technologies during the third quarter worth about $610,000. Caldwell Trust Co raised its holdings in shares of Uber Technologies by 78.3% in the 3rd quarter. Caldwell Trust Co now owns 7,982 shares of the ride-sharing company's stock worth $547,000 after purchasing an additional 3,506 shares in the last quarter. 3Chopt Investment Partners LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $213,000. Provenance Wealth Advisors LLC raised its holdings in shares of Uber Technologies by 3,514.2% in the 3rd quarter. Provenance Wealth Advisors LLC now owns 33,034 shares of the ride-sharing company's stock worth $2,263,000 after purchasing an additional 32,120 shares in the last quarter. Finally, Associated Banc Corp acquired a new stake in Uber Technologies during the third quarter valued at approximately $43,925,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. Piper Sandler reissued an "overweight" rating on shares of Uber Technologies in a research note on Thursday, August 13th. Guggenheim reaffirmed a "buy" rating and set a $125.00 target price on shares of Uber Technologies in a research report on Friday, October 16th. Scotiabank initiated coverage on Uber Technologies in a report on Wednesday, September 9th. They set a "sector outperform" rating and a $100.00 target price for the company. Wedbush reiterated an "outperform" rating and issued a $91.00 price target on shares of Uber Technologies in a research report on Tuesday, September 8th. Finally, The Goldman Sachs Group reissued a "buy" rating and issued a $110.00 price target on shares of Uber Technologies in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $102.86.

Uber Technologies Stock Up 5.0%

UBER opened at $69.95 on Thursday. The company has a market capitalization of $142.89 billion, a PE ratio of 15.37, a price-to-earnings-growth ratio of 6.37 and a beta of 1.33. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies, Inc. has a fifty-two week low of $64.04 and a fifty-two week high of $95.44. The business has a 50-day moving average of $70.50 and a 200-day moving average of $73.18.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.86 by $0.02. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.77 billion during the quarter, compared to analysts' expectations of $14.66 billion. During the same period in the prior year, the company posted $3.11 earnings per share. Uber Technologies's revenue for the quarter was up 9.6% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi bought 141,000 shares of the firm's stock in a transaction dated Thursday, September 10th. The shares were acquired at an average cost of $70.96 per share, for a total transaction of $10,005,360.00. Following the transaction, the chief executive officer owned 1,367,100 shares in the company, valued at approximately $97,009,416. The trade was a 11.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Andrew Macdonald acquired 70,000 shares of the stock in a transaction dated Friday, September 4th. The stock was bought at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider owned 426,320 shares in the company, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.81% of the company's stock.

Uber Technologies News Summary

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

• Positive Sentiment: Third-quarter gross bookings rose 20% to about $59.8 billion, and adjusted EPS increased 35% to $0.88, slightly above estimates. Revenue of $14.77 billion also topped expectations. Uber Q3 results and headwinds
• Positive Sentiment: Delivery strength and plans to expand Uber’s driverless fleet—targeting more than 2,000 vehicles by 2027—offer potential growth beyond core ride-hailing. Uber delivery and robotaxi plans
• Neutral Sentiment: The 92% decline in GAAP net income to $512 million largely reflects unusual prior-year tax and investment benefits, plus a current-quarter investment loss; adjusted operating measures improved. Uber financial results
• Negative Sentiment: Uber’s fourth-quarter adjusted EPS outlook of $0.95–$0.99 fell short of the roughly $1.06 consensus. Management cited driver shortages, higher fuel costs and geopolitical pressures; added driver incentives could weigh on margins. Uber profit forecast and headwinds
• Negative Sentiment: Mobility bookings and trips missed expectations amid supply constraints, and Waymo plans to end its exclusive Uber robotaxi partnership in Austin and Atlanta by January 2028, creating a longer-term competitive risk in those markets. Waymo partnership split

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.