Wedmont Private Capital lifted its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 47.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 36,464 shares of the ride-sharing company’s stock after purchasing an additional 11,799 shares during the quarter. Wedmont Private Capital’s holdings in Uber Technologies were worth $2,561,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. PKO BP BANKOWY Universal Pension Society JSC grew its holdings in shares of Uber Technologies by 0.7% during the 3rd quarter. PKO BP BANKOWY Universal Pension Society JSC now owns 414,550 shares of the ride-sharing company’s stock valued at $28,401,000 after purchasing an additional 3,000 shares during the last quarter. Douglas Lane & Associates LLC lifted its stake in Uber Technologies by 26.5% in the third quarter. Douglas Lane & Associates LLC now owns 287,237 shares of the ride-sharing company’s stock worth $19,679,000 after purchasing an additional 60,134 shares during the last quarter. Breakwater Capital Group lifted its stake in Uber Technologies by 8.5% in the third quarter. Breakwater Capital Group now owns 7,560 shares of the ride-sharing company’s stock worth $518,000 after purchasing an additional 591 shares during the last quarter. Inspirion Wealth Advisors LLC boosted its position in Uber Technologies by 4.9% during the third quarter. Inspirion Wealth Advisors LLC now owns 8,210 shares of the ride-sharing company’s stock valued at $562,000 after buying an additional 380 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in Uber Technologies by 1.1% during the third quarter. Mn Services Vermogensbeheer B.V. now owns 525,220 shares of the ride-sharing company’s stock valued at $35,983,000 after buying an additional 5,900 shares during the period. 80.24% of the stock is currently owned by institutional investors.
Uber Technologies Stock Performance
Shares of NYSE:UBER opened at $71.47 on Friday. The company has a market cap of $145.98 billion, a price-to-earnings ratio of 15.71, a price-to-earnings-growth ratio of 5.72 and a beta of 1.27. The company has a 50-day moving average price of $73.17 and a 200-day moving average price of $72.94. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $100.35.
Insider Transactions at Uber Technologies
In other Uber Technologies news, insider Andrew Macdonald bought 70,000 shares of the firm’s stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the acquisition, the insider directly owned 426,320 shares in the company, valued at $32,327,845.60. The trade was a 19.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 28,170 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $71.31, for a total value of $2,008,802.70. Following the transaction, the insider owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 3.81% of the company’s stock.
Analyst Ratings Changes
UBER has been the topic of several analyst reports. DA Davidson decreased their price objective on Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Evercore restated an “outperform” rating and set a $150.00 target price on shares of Uber Technologies in a report on Wednesday, August 5th. Rosenblatt Securities began coverage on Uber Technologies in a research report on Tuesday, September 1st. They set a “buy” rating and a $100.00 price target on the stock. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Tuesday, September 8th. Finally, The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a research note on Monday, June 29th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $103.11.
Check Out Our Latest Research Report on UBER
Trending Headlines about Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber agreed to acquire ezCater, a profitable corporate-catering marketplace, for approximately $2.3 billion in cash. The deal could strengthen Uber for Business, add higher-value orders—ezCater’s average order reportedly exceeds $400—and diversify revenue beyond consumer rides and restaurant meals. Deal Dispatch: Uber Buys ezCater For $2.3B
- Positive Sentiment: Analysts and financial commentators described the ezCater purchase as a potentially smart margin and growth move, while Uber’s CFO argued that acquisitions can accelerate expansion more effectively than building new businesses internally. Uber’s ezCater Acquisition Looks Like a Smart Move
- Positive Sentiment: Uber Eats expanded its marketplace through a partnership with Sur La Table, adding cookware, appliances, kitchen tools and other products for on-demand and scheduled delivery. The move supports Uber’s broader strategy of becoming a multipurpose local-commerce platform. Sur La Table Arrives on Uber Eats
- Positive Sentiment: Uber and Pony.ai plan to begin testing Gen-7 autonomous vehicles in London, advancing Uber’s partnership-led robotaxi strategy and its goal of expanding autonomous ride-hailing into multiple global cities. Uber and Pony.ai Plan London Robotaxis
- Neutral Sentiment: Citizens JMP reaffirmed an “Market Outperform” rating. Uber’s trailing operating margin reached 12.1%, its strongest level in five years, but investors are evaluating whether the improvement can persist.
- Negative Sentiment: The ezCater transaction requires a substantial cash outlay and has prompted scrutiny of Uber’s acquisition strategy. Commentary also noted that strong operational growth has been offset by softer guidance, while the company’s year-to-date performance remains under pressure.
Uber Technologies Profile
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
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