Uber Technologies, Inc. $UBER Holdings Cut by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.1% during the third quarter, HoldingsChannel.com reports. The fund owned 3,762,100 shares of the ride-sharing company’s stock after selling 1,065,607 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Uber Technologies were worth $257,741,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Uber Technologies during the third quarter valued at approximately $46,317,000. Pilgrim Partners Asia Pte Ltd grew its position in Uber Technologies by 700.0% in the 3rd quarter. Pilgrim Partners Asia Pte Ltd now owns 8,000 shares of the ride-sharing company’s stock worth $548,000 after purchasing an additional 7,000 shares during the period. Aviance Capital Partners LLC grew its position in Uber Technologies by 15.7% in the 3rd quarter. Aviance Capital Partners LLC now owns 67,221 shares of the ride-sharing company’s stock worth $4,605,000 after purchasing an additional 9,124 shares during the period. SFE Investment Counsel grew its position in Uber Technologies by 6.1% in the 3rd quarter. SFE Investment Counsel now owns 92,459 shares of the ride-sharing company’s stock worth $6,334,000 after purchasing an additional 5,352 shares during the period. Finally, Vise Technologies Inc. grew its position in Uber Technologies by 5.9% in the 3rd quarter. Vise Technologies Inc. now owns 141,800 shares of the ride-sharing company’s stock worth $9,715,000 after purchasing an additional 7,937 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.9%

NYSE UBER opened at $65.16 on Friday. The stock’s 50-day moving average price is $71.21 and its 200-day moving average price is $73.44. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 52 week low of $64.04 and a 52 week high of $100.35. The company has a market capitalization of $133.09 billion, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 6.24 and a beta of 1.27.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The firm’s revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, equities research analysts predict that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the firm’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 transaction of $2,008,802.70. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Andrew Macdonald purchased 70,000 shares of the stock in a transaction on Friday, September 4th. The shares were purchased at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the acquisition, the insider directly owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is owned by company insiders.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Halloween is expected to generate unusually strong ride-hailing demand, potentially supporting fourth-quarter Mobility bookings and driver activity. The busiest day of the year for Uber and Lyft drivers is almost here
• Positive Sentiment: Uber’s Delivery business continues to expand, with reported delivery bookings growth of 26% and new or expanded relationships involving Key Food, Costco and ezCater. These initiatives could strengthen its grocery and business-to-business delivery presence. How New Rules And Robotaxi Pressure At Uber Technologies Has Changed Its Investment Story
• Positive Sentiment: Wall Street expects another quarter of growth from Mobility and Delivery, while the company’s previous quarter slightly exceeded earnings-per-share expectations. UBER Stock: Here’s What to Expect From Uber’s Q3 Earnings Report
• Neutral Sentiment: Uber is approaching its Q3 2026 earnings report, with investors focused on gross bookings, take rate, margins, Delivery trends and management’s autonomous-vehicle strategy. Expectations call for solid operating growth, but the results could produce significant volatility. Ahead of Uber Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
• Negative Sentiment: Regulatory risks are increasing. A planned U.K. VAT change could raise rider prices and reduce competitiveness, while the FTC is seeking information on how personal data affects pricing and driver compensation. Why Is Uber Technologies Facing New UK Tax And FTC Pressure?
• Negative Sentiment: Uber and other delivery platforms are challenging a New York City law concerning delivery-worker deactivation, adding litigation uncertainty and potential compliance costs. Amazon, Uber, Instacart sue to block NYC law over delivery worker deactivation
• Negative Sentiment: DoorDash’s agreement to acquire Instacart for approximately $17 billion highlights intensifying competition in U.S. food delivery, where Uber Eats is reportedly losing app users. Autonomous-vehicle partnerships also raise concerns that robotaxis could eventually weaken Uber’s core ride-hailing economics. Fewer Americans are opening Uber Eats as DoorDash pulls ahead

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Arete Research lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating and set a $74.00 target price for the company. in a research note on Thursday, September 10th. Guggenheim restated a “buy” rating and issued a $125.00 price target on shares of Uber Technologies in a research note on Friday, October 16th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Monday, October 12th. Scotiabank assumed coverage on Uber Technologies in a research report on Wednesday, September 9th. They set a “sector outperform” rating and a $100.00 price objective for the company. Finally, Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday, October 7th. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $102.97.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.