Uber Technologies, Inc. $UBER Stock Acquired by Banque Pictet & Cie SA

Key Points

• Banque Pictet & Cie SA increased its Uber stake by 33.6% in the third quarter, adding 166,923 shares to hold 663,775 shares valued at approximately $45.5 million. Institutional investors collectively own 80.24% of Uber.
• Uber shares opened at $70.36, down 1.3%, with a market capitalization of $143.7 billion and a 52-week range of $65.41 to $100.35.
• Uber slightly exceeded quarterly earnings expectations, reporting $0.81 EPS versus a $0.80 consensus estimate, while revenue rose 12.2% year over year to $14.19 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $103.11.

Banque Pictet & Cie SA lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 33.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 663,775 shares of the ride-sharing company's stock after purchasing an additional 166,923 shares during the quarter. Banque Pictet & Cie SA's holdings in Uber Technologies were worth $45,475,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Investment Fund purchased a new position in Uber Technologies in the 2nd quarter worth approximately $5,256,173,439. Legal & General Group Plc bought a new position in Uber Technologies in the 2nd quarter valued at approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Uber Technologies during the 2nd quarter valued at $752,151,000. Baird Financial Group Inc. boosted its stake in Uber Technologies by 64.4% during 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 purchasing an additional 3,564,073 shares during the last quarter. Finally, Fundsmith LLP purchased a new stake in Uber Technologies during the 2nd quarter valued at $645,338,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 1.3%

UBER opened at $70.36 on Friday. The stock has a market cap of $143.71 billion, a price-to-earnings ratio of 12.48, a price-to-earnings-growth ratio of 6.08 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm's fifty day moving average is $73.10 and its 200 day moving average is $72.90. Uber Technologies, Inc. has a fifty-two week low of $65.41 and a fifty-two week high of $100.35.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The company's quarterly revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 3.20 earnings per share for the current fiscal year.

More Uber Technologies News

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

• Positive Sentiment: Guggenheim reaffirmed its “buy” rating and set a $125 price target, implying significant upside from current levels. Wall Street analysts also see a potential recovery to new all-time highs in 2027, supporting the long-term bull case. Guggenheim rating and price target Uber 2027 outlook
• Positive Sentiment: Uber’s revenue growth and scale compare favorably with Coupang, with the company showing a steadier upward sales trajectory across recent comparable periods. Uber and Coupang revenue comparison
• Positive Sentiment: Uber began a self-driving robotaxi trial in Manchester, potentially strengthening its future positioning in autonomous transportation and mobility partnerships. Uber Manchester robotaxi trial
• Neutral Sentiment: Erste Group Bank issued a fiscal 2027 earnings estimate for Uber, indicating continued analyst attention but providing limited immediate insight into near-term earnings momentum. Erste Group 2027 earnings estimate
• Negative Sentiment: Emerald Wealth Partners exited Uber from its Q3 growth strategy. The move may weigh on sentiment by signaling that at least one investment manager sees a more attractive risk-reward profile elsewhere. Emerald Wealth Partners exit
• Negative Sentiment: Lyft is launching Alcove, a business-travel and chauffeur brand, intensifying competition in an important corporate transportation segment. Lyft Alcove business travel brand
• Negative Sentiment: Uber settled a sexual-assault lawsuit before trial, removing immediate litigation risk but renewing scrutiny of the company’s safety record and reputation. Uber sexual-assault lawsuit settlement
• Negative Sentiment: Recent coverage highlights investor concerns about robotaxi disruption, weak guidance and other longer-term risks, helping explain the stock’s recent weakness despite optimistic analyst targets. Uber outlook and robotaxi concerns

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research analyst reports. Citigroup reaffirmed a "market outperform" rating on shares of Uber Technologies in a report on Wednesday, October 7th. Citizens Jmp reiterated a "market outperform" rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Wednesday, October 7th. Susquehanna reduced their price objective on Uber Technologies from $110.00 to $90.00 and set a "positive" rating for the company in a report on Thursday, August 6th. The Goldman Sachs Group set a $100.00 target price on Uber Technologies in a research report on Monday, June 29th. Finally, Wedbush restated an "outperform" rating and set a $91.00 target price on shares of Uber Technologies in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $103.11.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on Friday, September 11th. The stock was 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. This trade represents a 15.85% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew Macdonald acquired 70,000 shares of the firm's stock in a transaction that occurred on Friday, September 4th. The shares were bought 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 in the company, valued at $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.

About Uber Technologies

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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