Stock Traders Purchase High Volume of Call Options on Uber Technologies (NYSE:UBER)

Key Points

• Uber saw unusually heavy call-option buying, with traders purchasing 113,084 call contracts, about 36% above normal volume. That suggests some investors are betting on further upside in the stock.
• The stock traded near its 52-week low range, rising 0.7% to $70.63 while still sitting well below its 50-day and 200-day moving averages. Uber’s market cap was about $143.8 billion, with shares close to the year low of $68.46.
• Fundamentals and analyst sentiment remain generally positive, as Uber beat EPS expectations in its latest quarter and analysts mostly rate the stock a Buy or Outperform. The consensus price target is about $104.97, though some firms remain cautious with Hold ratings.

Uber Technologies, Inc. (NYSE:UBER - Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 113,084 call options on the company. This represents an increase of approximately 36% compared to the typical volume of 83,217 call options.

Uber Technologies Trading Up 0.7%

Shares of NYSE:UBER traded up $0.51 during mid-day trading on Wednesday, hitting $70.63. The company had a trading volume of 15,732,757 shares, compared to its average volume of 18,788,572. The firm has a fifty day moving average price of $74.06 and a 200 day moving average price of $78.89. The company has a market capitalization of $143.77 billion, a PE ratio of 17.61, a price-to-earnings-growth ratio of 6.11 and a beta of 1.16. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.07 and a quick ratio of 1.07. Uber Technologies has a one year low of $68.46 and a one year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The ride-sharing company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.03. The company had revenue of $13.20 billion during the quarter, compared to analyst estimates of $13.28 billion. Uber Technologies had a net margin of 15.91% and a return on equity of 41.40%. Uber Technologies's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.83 EPS. Uber Technologies has set its Q2 2026 guidance at 0.780-0.820 EPS. As a group, research analysts forecast that Uber Technologies will post 2.95 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 30,000 shares of the firm's stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $74.45, for a total value of $2,233,500.00. Following the completion of the transaction, the senior vice president owned 460,756 shares in the company, valued at $34,303,284.20. This trade represents a 6.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.81% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

Hedge funds have recently modified their holdings of the stock. Transcendent Capital Group LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at $1,859,000. Mawer Investment Management Ltd. purchased a new position in Uber Technologies during the 3rd quarter worth $74,107,000. Rhumbline Advisers boosted its holdings in Uber Technologies by 1.1% during the 3rd quarter. Rhumbline Advisers now owns 3,730,516 shares of the ride-sharing company's stock worth $365,479,000 after acquiring an additional 42,278 shares during the last quarter. Longbow Finance SA boosted its holdings in Uber Technologies by 51.8% during the 3rd quarter. Longbow Finance SA now owns 112,287 shares of the ride-sharing company's stock worth $11,001,000 after acquiring an additional 38,304 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Uber Technologies by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 192,499,602 shares of the ride-sharing company's stock worth $15,729,142,000 after acquiring an additional 1,670,761 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

More Uber Technologies News

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

• Positive Sentiment: Uber saw unusually heavy call-option buying, with traders purchasing 113,084 contracts, suggesting some investors are positioning for further upside. Uber options activity
• Positive Sentiment: Uber’s brand got a boost after Waymo reportedly told a stranded rider to “call Uber,” reinforcing Uber’s role as the go-to backup option in autonomous ride-hailing. Trouble With Waymo? Call an Uber
• Positive Sentiment: Uber announced a partnership with hotel platform Mews to embed ride booking, tracking, and billing into hotel operations systems, which could expand enterprise ride volume. Hotel Platform Mews Embeds Uber to Transport Guests and Staff
• Positive Sentiment: Analysts and media commentary remain constructive on Uber, with DA Davidson reaffirming a Buy and setting a $107 target, and other firms still bullish on the stock. Cramer on DoorDash / Uber mentioned
• Neutral Sentiment: Jim Cramer also highlighted Uber as a stock he would buy, which adds sentiment support but is not a direct fundamental catalyst. Cramer on DoorDash / Uber mentioned
• Neutral Sentiment: Uber is still being watched for its potential bid for Delivery Hero, but the deal remains uncertain and faces major regulatory hurdles, making the impact on UBER shares more ambiguous. Uber makes $11.6 billion takeover bid for Delivery Hero
• Negative Sentiment: Uber’s COO questioned whether the company’s rapid AI spending is paying off, saying costs are hard to justify relative to customer-facing benefits. Uber burned through its entire 2026 AI budget in four months
• Negative Sentiment: Uber is facing criticism over customer complaints about unexpected Uber One membership charges, which could pressure trust and churn. Upset Uber customers charged for monthly memberships

Analysts Set New Price Targets

A number of brokerages recently issued reports on UBER. Truist Financial raised their price objective on shares of Uber Technologies from $108.00 to $112.00 and gave the company a "buy" rating in a report on Thursday, May 7th. BTIG Research restated a "buy" rating on shares of Uber Technologies in a report on Tuesday. TD Cowen began coverage on shares of Uber Technologies in a report on Monday, May 11th. They set a "hold" rating for the company. Royal Bank Of Canada began coverage on shares of Uber Technologies in a report on Monday, May 11th. They set an "outperform" rating for the company. Finally, Citizens Jmp restated a "market outperform" rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $104.97.

About Uber Technologies

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber's principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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.