Vest Financial LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 23.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,871 shares of the ride-sharing company’s stock after buying an additional 8,054 shares during the period. Vest Financial LLC’s holdings in Uber Technologies were worth $4,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also added to or reduced their stakes in UBER. Kilter Group LLC acquired a new position in shares of Uber Technologies during the second quarter valued at about $26,000. Westend Capital Management LLC acquired a new stake in Uber Technologies in the 3rd quarter worth approximately $27,000. Trust Co. of Toledo NA OH purchased a new stake in Uber Technologies during the 2nd quarter worth approximately $30,000. Total Investment Management Inc. purchased a new stake in Uber Technologies during the 2nd quarter worth approximately $32,000. Finally, REAP Financial Group LLC increased its stake in Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Insider Buying and Selling
In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction on Wednesday, November 12th. The shares were 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 of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the sale, the insider owned 176,584 shares in the company, valued at approximately $14,744,764. This represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 14,875 shares of company stock worth $1,319,130 in the last ninety days. Corporate insiders own 3.84% of the company’s stock.
Uber Technologies Stock Performance
Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. During the same period last year, the company earned $1.20 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.
Analyst Ratings Changes
Several research firms have recently commented on UBER. 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. Wells Fargo & Company raised their target price on Uber Technologies from $120.00 to $122.00 and gave the stock an “overweight” rating in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, BNP Paribas Exane initiated coverage on Uber Technologies in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $108.00 price objective for the company. Four analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.97.
Check Out Our Latest Report on UBER
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Street support: Guggenheim reaffirmed a Buy and a $135 price target, and TD Cowen maintained its Buy view — both signal upgraded earnings/valuation confidence that can drive demand for the stock. Benzinga
- Positive Sentiment: New commerce distribution opportunity: a nationwide Kroger rollout onto Uber apps could expand Eats/grocery gross bookings and revenue mix if adoption is strong — supports the bull case for platform monetization. The Bull Case For Uber Technologies (UBER)
- Positive Sentiment: Local partnership: Guzman y Gomez signed a multi‑year exclusive delivery deal with Uber Eats in Australia — incremental volume/repeat orders in a growth market, though scale impact is modest near term. Guzman y Gomez Strikes Exclusive Uber Eats Delivery Deal
- Neutral Sentiment: Legal process nuance: one BloombergLaw piece says a plaintiffs’ lawyer in a high‑profile sexual‑assault case is “on thin ice,” which could reduce near‑term legal risk — outcome remains uncertain and timing unclear. Plaintiff’s Lawyer in Uber Sexual Assaults Case ‘On Thin Ice’
- Negative Sentiment: Regulatory / litigation risk persists: separate BloombergLaw coverage highlights men suing Uber and Lyft over a women’s‑safety feature — any adverse ruling, damages or forced product changes could be a reputational and financial headwind. Men Suing Uber, Lyft Over Women’s Safety Feature
- Negative Sentiment: Competitive/technology risk: Wedbush flagged accelerating autonomous competitors (Waymo, Tesla) as a long‑term threat to traditional ride‑hailing margins and market share — investors are wary of robotaxi disruption damping multiples. Uber faces long-term risks as Waymo, Tesla advance autonomous ride-hailing
- Negative Sentiment: Driver economics/reputational story: a widely shared piece about a driver owing ~$2,800/month on cars bought to drive for Uber raises questions about driver margins and sustainability of supply in some markets. California man owes $2,800 a month on cars he bought to drive for Uber
- Negative Sentiment: Insider selling: General counsel Tony West sold 3,125 shares recently — small in absolute terms but often interpreted by traders as a near‑term negative signal. Insider Selling: Tony West Sells Shares
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.
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