Uber Technologies, Inc. $UBER Stock: Traynor Capital Management Inc. Decreases Position

Key Points

• Traynor Capital Management reduced its Uber stake by 11.5% in the third quarter, selling 23,208 shares and retaining 179,158 shares valued at approximately $12.3 million.
• Uber reported quarterly EPS of $0.81, slightly above the $0.80 analyst consensus, while revenue rose 12.2% year over year to $14.19 billion. The stock opened at $65.16, near its 12-month low of $64.04.
• Insiders increased their holdings, including CEO Dara Khosrowshahi’s purchase of 141,000 shares and Andrew Macdonald’s purchase of 70,000 shares. Analysts maintain a “Moderate Buy” consensus with an average price target of $102.97.

Traynor Capital Management Inc. decreased its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.5% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 179,158 shares of the ride-sharing company's stock after selling 23,208 shares during the period. Traynor Capital Management Inc.'s holdings in Uber Technologies were worth $12,274,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Avion Wealth grew its holdings in Uber Technologies by 17.3% during the first quarter. Avion Wealth now owns 984 shares of the ride-sharing company's stock valued at $70,000 after purchasing an additional 145 shares during the period. Frazier Financial Advisors LLC raised its stake in shares of Uber Technologies by 8.5% in the first quarter. Frazier Financial Advisors LLC now owns 1,942 shares of the ride-sharing company's stock valued at $140,000 after buying an additional 152 shares during the period. Revisor Wealth Management LLC raised its stake in shares of Uber Technologies by 3.5% in the first quarter. Revisor Wealth Management LLC now owns 4,587 shares of the ride-sharing company's stock valued at $330,000 after buying an additional 153 shares during the period. Cornerstone Planning Group LLC lifted its position in shares of Uber Technologies by 10.6% during the 2nd quarter. Cornerstone Planning Group LLC now owns 1,624 shares of the ride-sharing company's stock valued at $114,000 after buying an additional 155 shares during the last quarter. Finally, CFS Investment Advisory Services LLC lifted its position in shares of Uber Technologies by 6.1% during the 1st quarter. CFS Investment Advisory Services LLC now owns 2,733 shares of the ride-sharing company's stock valued at $211,000 after buying an additional 156 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.1%

UBER stock opened at $65.16 on Monday. The stock has a 50-day simple moving average of $71.21 and a two-hundred day simple moving average of $73.44. Uber Technologies, Inc. has a twelve month low of $64.04 and a twelve month high of $100.35. The firm has a market capitalization of $133.09 billion, a PE ratio of 14.32, a PEG ratio of 6.24 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. During the same period in the prior year, the firm posted $0.60 earnings per share. The company'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. On average, equities analysts predict that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi purchased 141,000 shares of the business's stock in a transaction on Thursday, September 10th. The stock was purchased at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the acquisition, the chief executive officer directly owned 1,367,100 shares in the company, valued at approximately $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Andrew Macdonald purchased 70,000 shares of Uber Technologies stock in a transaction dated Friday, September 4th. The shares were purchased at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the transaction, the insider directly owned 426,320 shares in the company, valued at approximately $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 3.81% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Rosenblatt Securities began coverage on Uber Technologies in a report on Tuesday, September 1st. They issued a "buy" rating and a $100.00 price objective for the company. Benchmark reaffirmed a "hold" rating on shares of Uber Technologies in a report on Monday, July 20th. Susquehanna lowered their price target on shares of Uber Technologies from $110.00 to $90.00 and set a "positive" rating on the stock in a research report on Thursday, August 6th. Jefferies Financial Group upped their price target on shares of Uber Technologies from $100.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of Uber Technologies in a report on Thursday, August 13th. 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 stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $102.97.

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.