249,097 Shares in Uber Technologies, Inc. $UBER Purchased by Varenne Capital Partners

Varenne Capital Partners acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 249,097 shares of the ride-sharing company’s stock, valued at approximately $24,404,000. Uber Technologies comprises about 4.6% of Varenne Capital Partners’ investment portfolio, making the stock its 9th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Kilter Group LLC bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $26,000. Westend Capital Management LLC acquired a new stake in Uber Technologies in the 3rd quarter valued at approximately $27,000. Total Investment Management Inc. acquired a new stake in Uber Technologies in the 2nd quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd bought a new stake in Uber Technologies during the 3rd quarter valued at $34,000. Finally, Howard Hughes Medical Institute acquired a new position in Uber Technologies during the 2nd quarter worth $42,000. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the company’s stock in a transaction that occurred on Tuesday, February 24th. The shares were purchased at an average price of $71.25 per share, with a total value of $1,599,776.25. Following the purchase, the chief financial officer owned 28,742 shares of the company’s stock, valued at $2,047,867.50. This trade represents a 357.02% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the sale, the insider owned 176,584 shares in the company, valued at approximately $14,744,764. The trade was a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.70% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER opened at $76.37 on Wednesday. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99. The business’s fifty day moving average is $78.87 and its two-hundred day moving average is $87.64. The stock has a market capitalization of $157.18 billion, a P/E ratio of 16.21, a P/E/G ratio of 6.96 and a beta of 1.22. 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 released its quarterly earnings data on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). The company had revenue of $14.37 billion for the quarter, compared to the consensus estimate of $14.32 billion. Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the business earned $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on UBER shares. Guggenheim lowered their price target on Uber Technologies from $135.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, February 18th. BMO Capital Markets decreased their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Roth Mkm set a $105.00 price target on shares of Uber Technologies in a research report on Thursday, February 5th. Mizuho reduced their price target on shares of Uber Technologies from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. Finally, TD Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $104.53.

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.