Uber Technologies (NYSE:UBER) Shares Down 1.3% – Here’s What Happened

Uber Technologies, Inc. (NYSE:UBER)’s stock price fell 1.3% during trading on Friday. The company traded as low as $69.73 and last traded at $70.3580. Approximately 13,521,848 shares traded hands during trading, a decline of 29% from the average session volume of 18,950,785 shares. The stock had previously closed at $71.27.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Guggenheim reaffirmed its “buy” rating and set a $125 price target, implying significant upside from current levels. Wall Street analysts also see a potential recovery to new all-time highs in 2027, supporting the long-term bull case. Guggenheim rating and price target Uber 2027 outlook
• Positive Sentiment: Uber’s revenue growth and scale compare favorably with Coupang, with the company showing a steadier upward sales trajectory across recent comparable periods. Uber and Coupang revenue comparison
• Positive Sentiment: Uber began a self-driving robotaxi trial in Manchester, potentially strengthening its future positioning in autonomous transportation and mobility partnerships. Uber Manchester robotaxi trial
• Neutral Sentiment: Erste Group Bank issued a fiscal 2027 earnings estimate for Uber, indicating continued analyst attention but providing limited immediate insight into near-term earnings momentum. Erste Group 2027 earnings estimate
• Negative Sentiment: Emerald Wealth Partners exited Uber from its Q3 growth strategy. The move may weigh on sentiment by signaling that at least one investment manager sees a more attractive risk-reward profile elsewhere. Emerald Wealth Partners exit
• Negative Sentiment: Lyft is launching Alcove, a business-travel and chauffeur brand, intensifying competition in an important corporate transportation segment. Lyft Alcove business travel brand
• Negative Sentiment: Uber settled a sexual-assault lawsuit before trial, removing immediate litigation risk but renewing scrutiny of the company’s safety record and reputation. Uber sexual-assault lawsuit settlement
• Negative Sentiment: Recent coverage highlights investor concerns about robotaxi disruption, weak guidance and other longer-term risks, helping explain the stock’s recent weakness despite optimistic analyst targets. Uber outlook and robotaxi concerns

Analysts Set New Price Targets

UBER has been the topic of a number of research analyst reports. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday. Wells Fargo & Company upped their price target on Uber Technologies from $89.00 to $92.00 and gave the stock an “overweight” rating in a research note on Monday, October 5th. Citizens Jmp reiterated a “market outperform” rating and set a $100.00 price objective on shares of Uber Technologies in a research note on Wednesday, October 7th. Jefferies Financial Group upped their price target on shares of Uber Technologies from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Finally, DA Davidson dropped their price objective on Uber Technologies from $107.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $103.11.

Uber Technologies Stock Down 1.3%

The company’s 50 day moving average price is $73.19 and its two-hundred day moving average price is $72.91. The firm has a market cap of $143.71 billion, a PE ratio of 15.46, a PEG ratio of 5.91 and a beta of 1.27. 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 (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion during the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi bought 141,000 shares of the stock in a transaction dated Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the acquisition, the chief executive officer owned 1,367,100 shares of the company’s stock, valued at $97,009,416. This represents a 11.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 28,170 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the sale, the insider owned 149,525 shares in the company, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.81% of the company’s stock.

Institutional Trading of Uber Technologies

A number of large investors have recently made changes to their positions in UBER. Public Investment Fund bought a new stake in Uber Technologies during the 2nd quarter valued at about $5,256,173,439. Legal & General Group Plc purchased a new position in Uber Technologies during the second quarter valued at approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Uber Technologies during the second quarter worth $752,151,000. Baird Financial Group Inc. increased its holdings in shares of Uber Technologies by 64.4% in the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock valued at $656,609,000 after acquiring an additional 3,564,073 shares during the period. Finally, Fundsmith LLP bought a new position in Uber Technologies in the second quarter worth about $645,338,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

About Uber Technologies

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.