Uber Technologies (NYSE:UBER) Shares Down 1.1% – Here’s Why

Uber Technologies, Inc. (NYSE:UBER)’s stock price traded down 1.1% on Wednesday. The company traded as low as $68.50 and last traded at $68.6310. 15,419,709 shares traded hands during mid-day trading, a decline of 20% from the average daily volume of 19,220,154 shares. The stock had previously closed at $69.36.

Analyst Ratings Changes

UBER has been the topic of a number of research reports. Barclays cut their target price on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Wells Fargo & Company reiterated an “overweight” rating on shares of Uber Technologies in a research note on Wednesday, September 2nd. Susquehanna cut their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating on the stock in a report on Thursday, August 6th. The Goldman Sachs Group set a $100.00 price objective on shares of Uber Technologies in a research note on Monday, June 29th. Finally, Evercore reaffirmed an “outperform” rating and set a $150.00 target price on shares of Uber Technologies in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.03.

Uber Technologies Stock Down 0.9%

The firm has a market capitalization of $138.64 billion, a P/E ratio of 14.92, a PEG ratio of 5.58 and a beta of 1.27. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The business’s fifty day moving average price is $73.18 and its two-hundred day moving average price is $73.19.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. Uber Technologies’s revenue was up 12.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts expect that Uber Technologies, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Andrew Macdonald bought 70,000 shares of the company’s stock in a transaction that occurred 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 purchase, the insider directly owned 426,320 shares in the company, valued at $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 28,170 shares of the company’s stock in a transaction dated 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 directly owned 149,525 shares in the company, valued at $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 3.81% of the company’s stock.

Institutional Investors Weigh In On Uber Technologies

Large investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its stake in shares of Uber Technologies by 5.8% during the third quarter. Versant Capital Management Inc now owns 5,733 shares of the ride-sharing company’s stock worth $393,000 after buying an additional 315 shares during the period. Cacti Asset Management LLC increased its position in shares of Uber Technologies by 77.4% in the 3rd quarter. Cacti Asset Management LLC now owns 427,036 shares of the ride-sharing company’s stock valued at $29,619,000 after acquiring an additional 186,352 shares during the period. QRG Capital Management Inc. raised its stake in Uber Technologies by 6.7% in the 2nd quarter. QRG Capital Management Inc. now owns 355,500 shares of the ride-sharing company’s stock worth $25,653,000 after acquiring an additional 22,320 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in Uber Technologies by 5.0% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 115,565 shares of the ride-sharing company’s stock worth $8,332,000 after acquiring an additional 5,517 shares during the last quarter. Finally, Wellington Altus USA Inc. lifted its position in Uber Technologies by 65.0% during the 2nd quarter. Wellington Altus USA Inc. now owns 2,039 shares of the ride-sharing company’s stock worth $147,000 after acquiring an additional 803 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Company 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.