Secure Asset Management LLC Buys 9,548 Shares of Uber Technologies, Inc. $UBER

Secure Asset Management LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 44,873 shares of the ride-sharing company’s stock after purchasing an additional 9,548 shares during the period. Secure Asset Management LLC’s holdings in Uber Technologies were worth $4,335,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Brant Point Investment Management LLC bought a new position in Uber Technologies in the second quarter valued at about $933,000. Munro Partners bought a new stake in Uber Technologies in the second quarter valued at about $96,294,000. Prudential PLC increased its holdings in Uber Technologies by 15.7% in the second quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock valued at $20,233,000 after purchasing an additional 29,359 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in Uber Technologies by 1.7% in the second quarter. Panagora Asset Management Inc. now owns 2,082,067 shares of the ride-sharing company’s stock valued at $194,257,000 after buying an additional 35,418 shares during the period. Finally, M&T Bank Corp boosted its holdings in Uber Technologies by 13.9% during the second quarter. M&T Bank Corp now owns 426,163 shares of the ride-sharing company’s stock worth $39,761,000 after buying an additional 52,002 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

More Uber Technologies News

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

• Positive Sentiment: Uber expanded its AV footprint by rolling out robotaxi rides in Dubai with partner WeRide, increasing early commercial exposure for Mobility and potentially accelerating future revenue mix diversification. AV Expansion in UAE
• Positive Sentiment: Bernstein/other sell‑side commentary argues investors have over‑discounted AV risks; at least one analyst raised Uber’s price target, framing the stock as an attractive entry if robotaxi fears ease — supportive for valuation. Analyst Note / MarketWatch
• Neutral Sentiment: Comparative coverage highlights that Serve Robotics (SERV) and Uber represent different autonomous delivery plays — useful context for investors but not an immediate stock mover for UBER. SERV vs UBER
• Neutral Sentiment: Institutional ownership remains high and several large funds recently adjusted positions — a reminder that blocks and index/ETF flows can affect volatility but don’t change fundamentals immediately. Institutional Holdings
• Negative Sentiment: Multiple states, counties and attorneys general have joined or filed suits alleging deceptive subscription/billing practices; growing litigation and potential remediation costs raise regulatory/legal risk and near‑term headline volatility. AG Nessel Lawsuit
• Negative Sentiment: Uber’s head of safety is departing amid an executive shakeup, which could concern investors focused on governance and operational continuity. Safety Chief Departure
• Negative Sentiment: Insider selling: General Counsel Tony West sold 3,125 shares on Dec. 18 — isolated insider sales aren’t uncommon but can add to negative sentiment when combined with other headwinds. Tony West Insider Sale
• Negative Sentiment: Technical analysts flagged a break of support, prompting “meltdown” headlines; technical weakness can amplify selling flows from momentum and quant funds. Technical Weakness

Insider Activity

In other Uber Technologies news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the sale, the insider directly owned 175,423 shares in the company, valued at approximately $14,096,992.28. The trade was a 1.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 264,875 shares of company stock worth $26,458,818 over the last ninety days. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

UBER opened at $79.32 on Friday. The company has a market capitalization of $164.81 billion, a price-to-earnings ratio of 10.20 and a beta of 1.19. The business’s 50-day moving average price is $90.06 and its two-hundred day moving average price is $91.56. Uber Technologies, Inc. has a 1 year low of $59.75 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same quarter last year, the firm earned $1.20 EPS. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UBER. BMO Capital Markets lowered their price target on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research note on Wednesday, November 5th. Truist Financial boosted their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Citigroup reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Wednesday, December 10th. The Goldman Sachs Group reiterated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of Uber Technologies in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $108.43.

Uber Technologies Profile

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.