Lansforsakringar Fondforvaltning AB publ lifted its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 3.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 582,725 shares of the ride-sharing company’s stock after buying an additional 17,083 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Uber Technologies were worth $57,090,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of UBER. Westend Capital Management LLC acquired a new position in Uber Technologies in the third quarter valued at approximately $27,000. Kilter Group LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $26,000. Total Investment Management Inc. acquired a new position in Uber Technologies during the 2nd quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd acquired a new position in Uber Technologies during the 3rd quarter valued at approximately $34,000. Finally, True Wealth Design LLC grew its stake in Uber Technologies by 38.6% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 118 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.
Insider Buying and Selling at Uber Technologies
In related news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the transaction, the insider owned 176,584 shares of the company’s stock, valued at $14,744,764. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.
Uber Technologies Trading Up 1.1%
Uber Technologies (NYSE:UBER – Get Free Report) last released its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). The firm had revenue of $14.37 billion during the quarter, compared to analyst estimates 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 for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the company earned $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.
Analyst Ratings Changes
UBER has been the topic of a number of recent research reports. Arete Research set a $125.00 target price on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Susquehanna reaffirmed a “positive” rating and issued a $110.00 price objective on shares of Uber Technologies in a report on Wednesday, November 5th. UBS Group set a $111.00 price objective on shares of Uber Technologies in a research report on Monday, February 2nd. Piper Sandler set a $107.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, Cantor Fitzgerald dropped their price target on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $104.61.
Uber Technologies Company Profile
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.
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