Parsons Capital Management Inc. RI Buys Shares of 9,507 Uber Technologies, Inc. $UBER

Parsons Capital Management Inc. RI purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the third quarter, HoldingsChannel.com reports. The firm purchased 9,507 shares of the ride-sharing company’s stock, valued at approximately $931,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kilter Group LLC bought a new stake in Uber Technologies in the second quarter valued at about $26,000. Westend Capital Management LLC bought a new position in Uber Technologies during the third quarter worth about $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $30,000. Finally, Total Investment Management Inc. bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $32,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBER shares. DA Davidson lifted their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Truist Financial upped their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a report on Wednesday, October 29th. BMO Capital Markets decreased their price target on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Finally, BNP Paribas Exane initiated coverage on shares of Uber Technologies in a research report on Wednesday, January 14th. They issued an “outperform” rating and a $108.00 price objective for the company. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $107.05.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the sale, the insider owned 175,423 shares of the company’s stock, valued at $14,096,992.28. This trade represents a 1.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 11,750 shares of company stock valued at $1,058,193. Corporate insiders own 3.70% of the company’s stock.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: BofA reaffirmed a Buy on UBER with a $119 price target, highlighting Uber’s strategic positioning in autonomous vehicles and the potential upside if AV partnerships and infrastructure progress. BofA AV Note
• Positive Sentiment: Morgan Stanley reiterates a Buy and argues the market is undervaluing Uber’s core mobility/business segments, backing a sum‑of‑the‑parts case for upside. This supports a longer‑term constructive view on shares. Morgan Stanley Note
• Positive Sentiment: Bill Ackman’s Pershing Square holds a meaningful portion of its public portfolio in Uber, signaling confidence from an activist/large investor perspective that can support sentiment and limit downside. Ackman Stake
• Positive Sentiment: Uber expanded grocery reach by launching ~2,700 Kroger stores on Uber Eats/Postmates/Uber apps, a near‑term revenue growth catalyst for Eats and delivery monetization. Kroger Partnership
• Neutral Sentiment: CEO Dara Khosrowshahi urged investors to avoid firms that are merely “play‑acting” with AI — signaling Uber wants to be seen as a substantive AI/tech player but offering little new near‑term financial detail. CEO AI Remarks
• Neutral Sentiment: Valuation pieces and “what would need to go right” analyses note that Uber has clear upside if bookings/margin expansion and AV or delivery monetization materialize — but they underline execution risk and binary outcomes for large gains. Valuation Analysis
• Negative Sentiment: Zacks flags an ~9% three‑month slide tied to robotaxi fears — investor concern that AVs could compress margins or change the ride‑hailing economics is pressuring the multiple. Zacks Robotaxi Note
• Negative Sentiment: A startup using tele‑operated cars claims ride costs ~50% cheaper than Uber in Las Vegas, illustrating an emerging competitive threat on price and a potential margin headwind in targeted markets. Tele‑operated Rival
• Negative Sentiment: CBC reports service‑dog users are increasingly frustrated by ride rejections, a reputational and regulatory risk that could draw scrutiny or operational fixes that raise costs. Service Dog Complaints

Uber Technologies Stock Down 1.5%

Uber Technologies stock opened at $83.59 on Wednesday. The company has a 50 day moving average of $85.21 and a 200-day moving average of $90.95. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $60.63 and a twelve month high of $101.99. The stock has a market capitalization of $173.68 billion, a PE ratio of 10.74 and a beta of 1.20.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the business posted $1.20 earnings per share. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.