Washington Trust Advisors Inc. Reduces Stock Position in Uber Technologies, Inc. $UBER

Washington Trust Advisors Inc. decreased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 296,429 shares of the ride-sharing company’s stock after selling 8,567 shares during the period. Uber Technologies comprises approximately 2.2% of Washington Trust Advisors Inc.’s holdings, making the stock its 14th largest holding. Washington Trust Advisors Inc.’s holdings in Uber Technologies were worth $29,041,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Kovitz Investment Group Partners LLC grew its holdings in shares of Uber Technologies by 12.4% in the third quarter. Kovitz Investment Group Partners LLC now owns 493,972 shares of the ride-sharing company’s stock worth $48,394,000 after purchasing an additional 54,668 shares during the last quarter. Alteri Wealth LLC boosted its position in Uber Technologies by 9.5% during the 3rd quarter. Alteri Wealth LLC now owns 2,413 shares of the ride-sharing company’s stock valued at $236,000 after acquiring an additional 209 shares in the last quarter. Dover Advisors LLC grew its stake in Uber Technologies by 0.7% during the 3rd quarter. Dover Advisors LLC now owns 24,638 shares of the ride-sharing company’s stock worth $2,414,000 after buying an additional 167 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in shares of Uber Technologies by 7.9% during the third quarter. Bleakley Financial Group LLC now owns 52,563 shares of the ride-sharing company’s stock worth $5,150,000 after buying an additional 3,839 shares during the period. Finally, Alliance Wealth Advisors LLC UT acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $975,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

NYSE UBER opened at $73.76 on Monday. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a twelve month low of $60.63 and a twelve month high of $101.99. The stock has a 50-day moving average of $79.79 and a 200 day moving average of $88.50. The stock has a market capitalization of $151.80 billion, a price-to-earnings ratio of 15.66, a PEG ratio of 6.77 and a beta of 1.21.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The business had revenue of $14.37 billion for the quarter, compared to analysts’ expectations of $14.32 billion. During the same quarter last year, the business earned $3.21 EPS. The company’s quarterly revenue was up 20.1% on a year-over-year basis. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on UBER shares. Cantor Fitzgerald dropped their price target on Uber Technologies from $99.00 to $92.00 and set an “overweight” rating on the stock in a research note on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Citizens Jmp raised shares of Uber Technologies from a “market perform” rating to an “outperform” rating and set a $100.00 price target for the company in a research report on Wednesday, February 4th. DA Davidson lifted their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $104.61.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 3,125 shares of the stock in a transaction dated Tuesday, January 20th. The shares were 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. 3.70% of the stock is owned by insiders.

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.