Washington Trust Advisors Inc. Lowers Holdings in Uber Technologies, Inc. $UBER

Washington Trust Advisors Inc. cut its position in Uber Technologies, Inc. (NYSE:UBER) by 2.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 296,429 shares of the ride-sharing company’s stock after selling 8,567 shares during the period. Uber Technologies makes up about 2.2% of Washington Trust Advisors Inc.’s investment portfolio, making the stock its 14th largest holding. Washington Trust Advisors Inc.’s holdings in Uber Technologies were worth $29,041,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at $27,000. Kilter Group LLC purchased a new position in Uber Technologies in the 2nd quarter worth about $26,000. Total Investment Management Inc. bought a new position in Uber Technologies during the 2nd quarter valued at about $32,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at about $34,000. Finally, True Wealth Design LLC raised its stake in Uber Technologies by 38.6% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 118 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent research reports. Royal Bank Of Canada reissued an “outperform” rating and set a $105.00 price objective on shares of Uber Technologies in a research report on Thursday, February 5th. Arete Research set a $125.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Erste Group Bank cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. JPMorgan Chase & Co. lowered their target price on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. Finally, Citigroup decreased their price target on Uber Technologies from $120.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.61.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the transaction, the insider directly owned 176,584 shares of the company’s stock, valued at approximately $14,744,764. The trade was a 1.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $73.76 on Monday. The firm’s fifty day moving average is $79.79 and its two-hundred day moving average is $88.50. Uber Technologies, Inc. has a 52-week low of $60.63 and a 52-week high of $101.99. The company has a market cap of $151.80 billion, a P/E ratio of 15.66, a P/E/G ratio of 6.77 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The firm had revenue of $14.37 billion for the quarter, compared to analysts’ expectations of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.21 EPS. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, 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.