Uber Technologies, Inc. $UBER Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 179,158 shares of the ride-sharing company’s stock after selling 23,208 shares during the quarter. Traynor Capital Management Inc.’s holdings in Uber Technologies were worth $12,274,000 at the end of the most recent quarter.

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

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $65.16 on Monday. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. Uber Technologies, Inc. has a one year low of $64.04 and a one year high of $100.35. The business’s 50 day simple moving average is $71.21 and its two-hundred day simple moving average is $73.44. The stock 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 1.33.

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on UBER shares. Weiss Ratings cut Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. BMO Capital Markets set a $119.00 price objective on Uber Technologies in a report on Thursday, September 3rd. Scotiabank initiated coverage on shares of Uber Technologies in a research report on Wednesday, September 9th. They set a “sector outperform” rating and a $100.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research note on Thursday, August 6th. Finally, Bank of America reduced their target price on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating on the stock in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $102.97.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the firm’s stock in a transaction 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 sale, the insider owned 149,525 shares of the company’s stock, valued at $10,662,627.75. This trade represents a 15.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Andrew Macdonald acquired 70,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was purchased at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the transaction, the insider directly owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 3.81% of the stock is currently owned by company insiders.

About Uber Technologies

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.