Uber Technologies, Inc. $UBER Stock Position Decreased by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors reduced its Uber stake by 15.6% in the third quarter, selling 21,884 shares and retaining 118,839 shares valued at approximately $8.14 million.
• Institutional investors own 80.24% of Uber, while analyst sentiment remains positive: the stock has a “Moderate Buy” consensus rating and an average price target of $103.11.
• Uber’s latest quarter showed 12.2% year-over-year revenue growth and EPS of $0.81, slightly above estimates, although the shares opened at $68.88—well below their 52-week high of $100.35.

Prime Capital Investment Advisors LLC reduced its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 118,839 shares of the ride-sharing company's stock after selling 21,884 shares during the period. Prime Capital Investment Advisors LLC's holdings in Uber Technologies were worth $8,142,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Public Investment Fund bought a new stake in Uber Technologies during the second quarter valued at about $5,256,173,439. Legal & General Group Plc acquired a new stake in shares of Uber Technologies in the second quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Uber Technologies in the second quarter worth about $752,151,000. Baird Financial Group Inc. increased its stake in shares of Uber Technologies by 64.4% in the second 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 acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $645,338,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Roth Capital decreased their target price on Uber Technologies from $105.00 to $100.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Piper Sandler reaffirmed an "overweight" rating on shares of Uber Technologies in a report on Thursday, August 13th. Guggenheim reaffirmed a "buy" rating and issued a $125.00 price target on shares of Uber Technologies in a research report on Friday, October 16th. Bank of America dropped their price target on Uber Technologies from $104.00 to $103.00 and set a "buy" rating on the stock in a research report on Tuesday, July 28th. Finally, TD Cowen reiterated a "buy" rating and set a $118.00 price target on shares of Uber Technologies in a report on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $103.11.

More Uber Technologies News

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

• Positive Sentiment: Uber secured dismissal of two London lawsuits seeking approximately £340 million in damages from claims brought by black-cab drivers and former private-hire companies. The ruling removes a potentially significant financial liability and could support investor confidence. Uber Secures Dismissal of £340 Million London Taxi Lawsuits
• Positive Sentiment: Uber Advertising launched an off-site audience-targeting product with TripleLift, allowing advertisers to use Uber’s first-party mobility and delivery data across the open web. The initiative could create a higher-margin revenue stream beyond rides and food delivery. Uber Technologies Launches Offsite Advertising
• Positive Sentiment: Analysts and Zacks continue to highlight Uber’s history of earnings surprises and the possibility of another quarterly beat, providing a potential near-term catalyst. Will Uber Beat Estimates Again
• Neutral Sentiment: Uber is offering some drivers bonuses for completing additional rides or referring new drivers ahead of the holiday period. The incentives may help ensure adequate supply, but they could also increase operating expenses. Uber Offers Drivers Bonuses
• Negative Sentiment: A new food-delivery competitor, Olo, is attempting to attract customers by offering in-store menu prices without delivery-service markups, potentially intensifying pressure on Uber Eats’ pricing and margins. New Food Delivery Service Challenges Uber Eats
• Negative Sentiment: Investors remain concerned that Uber’s reported valuation benefits from a one-time tax gain and that future robotaxi investment could require substantial spending. Autonomous vehicles may eventually challenge Uber’s driver-based network, while planned corporate job cuts underscore the scale of the strategic shift. Uber Generating Cash but Facing Robotaxi Spending
• Negative Sentiment: A California union agreement for Uber and Lyft drivers could increase labor-related obligations and reduce the flexibility or cost advantages associated with the independent-contractor model. Uber and Lyft Drivers in California Gain Union Representation

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider owned 149,525 shares in the company, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Andrew Macdonald bought 70,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 4th. The stock was purchased at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the transaction, the insider owned 426,320 shares of the company's stock, valued at $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 3.81% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $68.88 on Wednesday. The firm's 50-day moving average is $72.75 and its 200-day moving average is $72.88. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $100.35. 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 company has a market cap of $140.70 billion, a price-to-earnings ratio of 12.25, a PEG ratio of 5.98 and a beta of 1.27.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. During the same quarter in the prior year, the business earned $0.60 earnings per share. The firm's revenue for the quarter was up 12.2% on a year-over-year basis. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

Uber Technologies 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.

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