Uber Technologies, Inc. $UBER Stake Trimmed by CX Institutional

Key Points

• CX Institutional cut its Uber stake by 88.8% in the third quarter, selling 88,654 shares and retaining 11,135 shares valued at approximately $763,000.
• Uber reported quarterly EPS of $0.81, slightly ahead of estimates, while revenue reached $14.19 billion, up 12.2% year over year but below expectations.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $103.03, well above the stock’s reported $68.09 price.

CX Institutional reduced its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 88.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,135 shares of the ride-sharing company's stock after selling 88,654 shares during the quarter. CX Institutional's holdings in Uber Technologies were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. Nalls Sherbakoff Group LLC purchased a new stake in Uber Technologies in the 4th quarter worth $25,000. Osbon Capital Management LLC purchased a new stake in shares of Uber Technologies during the fourth quarter worth about $25,000. Gould Capital LLC raised its stake in Uber Technologies by 245.0% during the 4th quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company's stock valued at $28,000 after purchasing an additional 245 shares during the period. Portus Wealth Advisors LLC purchased a new position in Uber Technologies in the 1st quarter worth approximately $25,000. Finally, Dunhill Financial LLC purchased a new position in Uber Technologies in the 2nd quarter worth approximately $28,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Uber Technologies stock opened at $68.09 on Monday. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $101.29. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm's fifty day moving average is $73.22 and its 200 day moving average is $73.14. The company has a market cap of $139.07 billion, a price-to-earnings ratio of 14.96, a PEG ratio of 5.55 and a beta of 1.27.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion during the quarter, compared to analysts' expectations 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 last year, the company posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 3.35 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi bought 141,000 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. This trade represents a 11.50% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, the insider owned 149,525 shares in the company, valued at $10,662,627.75. The trade was a 15.85% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.81% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on UBER. Sanford C. Bernstein reiterated an "outperform" rating on shares of Uber Technologies in a research report on Wednesday. Tigress Financial raised their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the company a "buy" rating in a research note on Friday, June 12th. DA Davidson reduced their price target on shares of Uber Technologies from $107.00 to $100.00 and set a "buy" rating on the stock in a report on Thursday, August 6th. Cantor Fitzgerald decreased their price target 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. Finally, Bank of America dropped their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a "buy" rating for the company in a report on Tuesday, July 28th. 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. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $103.03.

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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