Uber Technologies, Inc. $UBER Stake Trimmed by Sumitomo Mitsui Trust Group Inc.

Key Points

• Sumitomo Mitsui Trust Group reduced its Uber stake by 22.1% in the third quarter, selling 1.07 million shares and retaining 3.76 million shares valued at approximately $257.7 million. Institutional investors still own about 80.24% of Uber.
• Uber’s latest quarter showed revenue growth of 12.2% year over year, while earnings per share of $0.81 slightly exceeded estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $102.97.
• The company faces both growth opportunities and risks: Mobility and Delivery demand remain strong, but regulatory pressure, intensifying food-delivery competition and uncertainty surrounding autonomous vehicles could weigh on future performance.

Sumitomo Mitsui Trust Group Inc. reduced its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,762,100 shares of the ride-sharing company's stock after selling 1,065,607 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.18% of Uber Technologies worth $257,741,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Public Investment Fund bought a new stake in Uber Technologies in the second quarter valued at $5,256,173,439. Legal & General Group Plc bought a new position in Uber Technologies in the 2nd quarter worth $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Uber Technologies in the 2nd quarter worth $752,151,000. Baird Financial Group Inc. lifted its position 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 worth $656,609,000 after purchasing an additional 3,564,073 shares during the period. Finally, Fundsmith LLP purchased a new stake in shares of Uber Technologies in the 2nd quarter worth about $645,338,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies News Summary

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

• Positive Sentiment: Halloween is expected to generate unusually strong ride-hailing demand, potentially supporting fourth-quarter Mobility bookings and driver activity. The busiest day of the year for Uber and Lyft drivers is almost here
• Positive Sentiment: Uber’s Delivery business continues to expand, with reported delivery bookings growth of 26% and new or expanded relationships involving Key Food, Costco and ezCater. These initiatives could strengthen its grocery and business-to-business delivery presence. How New Rules And Robotaxi Pressure At Uber Technologies Has Changed Its Investment Story
• Positive Sentiment: Wall Street expects another quarter of growth from Mobility and Delivery, while the company’s previous quarter slightly exceeded earnings-per-share expectations. UBER Stock: Here’s What to Expect From Uber's Q3 Earnings Report
• Neutral Sentiment: Uber is approaching its Q3 2026 earnings report, with investors focused on gross bookings, take rate, margins, Delivery trends and management’s autonomous-vehicle strategy. Expectations call for solid operating growth, but the results could produce significant volatility. Ahead of Uber Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Negative Sentiment: Regulatory risks are increasing. A planned U.K. VAT change could raise rider prices and reduce competitiveness, while the FTC is seeking information on how personal data affects pricing and driver compensation. Why Is Uber Technologies Facing New UK Tax And FTC Pressure?
• Negative Sentiment: Uber and other delivery platforms are challenging a New York City law concerning delivery-worker deactivation, adding litigation uncertainty and potential compliance costs. Amazon, Uber, Instacart sue to block NYC law over delivery worker deactivation
• Negative Sentiment: DoorDash’s agreement to acquire Instacart for approximately $17 billion highlights intensifying competition in U.S. food delivery, where Uber Eats is reportedly losing app users. Autonomous-vehicle partnerships also raise concerns that robotaxis could eventually weaken Uber’s core ride-hailing economics. Fewer Americans are opening Uber Eats as DoorDash pulls ahead

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $65.16 on Friday. The stock has a market cap of $133.09 billion, a price-to-earnings ratio of 14.32, a PEG ratio of 6.24 and a beta of 1.27. The firm's 50-day moving average is $71.21 and its 200 day moving average is $73.44. Uber Technologies, Inc. has a 1 year low of $64.04 and a 1 year high of $100.35. 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 (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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 business had revenue of $14.19 billion during 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%. Uber Technologies's revenue was up 12.2% compared to the same quarter last year. During the same period last year, the business earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the sale, the insider owned 149,525 shares in the company, valued at $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dara Khosrowshahi purchased 141,000 shares of Uber Technologies stock in a transaction that occurred on Thursday, September 10th. The shares were purchased 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 of the company's stock, valued at $97,009,416. This represents a 11.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 3.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UBER. Weiss Ratings lowered shares of Uber Technologies from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday. Citizens Jmp reissued a "market outperform" rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Wednesday, October 7th. BTIG Research restated a "buy" rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, October 6th. Citigroup reaffirmed a "market outperform" rating on shares of Uber Technologies in a research report on Wednesday, October 7th. Finally, Wedbush reiterated an "outperform" rating and set a $91.00 target price on shares of Uber Technologies in a report on Tuesday, September 8th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $102.97.

About Uber Technologies

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.

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