SeaCrest Wealth Management LLC cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 22.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,060 shares of the ride-sharing company’s stock after selling 10,438 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in Uber Technologies were worth $3,580,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Uber Technologies by 0.7% in the third quarter. Vanguard Group Inc. now owns 190,828,841 shares of the ride-sharing company’s stock valued at $18,695,502,000 after acquiring an additional 1,277,322 shares during the last quarter. Norges Bank acquired a new stake in Uber Technologies during the 2nd quarter valued at approximately $2,348,319,000. Capital World Investors raised its holdings in Uber Technologies by 1.1% during the 3rd quarter. Capital World Investors now owns 17,016,467 shares of the ride-sharing company’s stock worth $1,667,121,000 after purchasing an additional 182,976 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Uber Technologies by 1.0% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 13,810,255 shares of the ride-sharing company’s stock worth $1,288,497,000 after purchasing an additional 142,933 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Uber Technologies by 6.9% in the 3rd quarter. Legal & General Group Plc now owns 13,386,313 shares of the ride-sharing company’s stock valued at $1,311,457,000 after purchasing an additional 867,719 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.
Uber Technologies Stock Up 2.1%
NYSE:UBER traded up $1.54 during trading hours on Friday, reaching $74.51. The company had a trading volume of 2,360,599 shares, compared to its average volume of 21,152,172. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.38. The firm has a market cap of $153.35 billion, a price-to-earnings ratio of 15.73, a P/E/G ratio of 6.87 and a beta of 1.22. The business’s 50-day simple moving average is $77.89 and its two-hundred day simple moving average is $86.75. Uber Technologies, Inc. has a twelve month low of $60.63 and a twelve month high of $101.99.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on UBER shares. The Goldman Sachs Group set a $125.00 target price on shares of Uber Technologies in a research note on Wednesday, February 4th. Morgan Stanley cut their price target on shares of Uber Technologies from $110.00 to $100.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Erste Group Bank lowered Uber Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Cantor Fitzgerald dropped their price objective 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. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a research report on Thursday, December 18th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $105.29.
View Our Latest Analysis on Uber Technologies
Insider Buying and Selling at Uber Technologies
In other news, CFO Balaji (A) Krishnamurthy acquired 22,453 shares of the business’s stock in a transaction on Tuesday, February 24th. The shares were purchased at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the acquisition, the chief financial officer directly owned 28,742 shares of the company’s stock, valued at $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 sale, the insider owned 176,584 shares of the company’s stock, valued at approximately $14,744,764. This represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.84% of the company’s stock.
Uber Technologies News Roundup
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Zoox strategic partnership adds purpose-built robotaxis to the Uber app (initial rollout in Las Vegas this summer, LA next). This broadens Uber’s AV supply without heavy capex and was a market-positive surprise. Zoox and Uber Announce Strategic Partnership
- Positive Sentiment: Uber and Motional launched an all‑electric IONIQ 5 robotaxi service in Las Vegas, moving from announcements to live operations — a tangible step toward commercial AV revenue and scale. Uber and Motional Launch Robotaxi Service in Las Vegas
- Positive Sentiment: Nissan + Wayve collaboration to pilot robotaxis in Tokyo (via Uber) expands Uber’s international AV experiments and partner roster, supporting a multi‑partner deployment strategy. Uber plans Tokyo robotaxi trial with Nissan and Britain’s Wayve
- Neutral Sentiment: Analysts (e.g., Wedbush) and several outlets note Uber is well‑positioned in AVs because it has deals with multiple suppliers — this reduces single‑partner execution risk but delays any large revenue inflection. Uber seen as well-positioned in autonomous vehicles following Zoox partnership
- Neutral Sentiment: Coverage and commentary (Seeking Alpha, InsiderMonkey) generally reinforce that AV partnerships are an opportunity, though industry AI headwinds and execution timelines keep upside uncertain. Uber And Zoox: The Partnership Proves AVs An Opportunity Not A Threat (Upgrade)
- Negative Sentiment: Near-term headwinds: Uber’s latest quarterly EPS missed consensus and investors remain focused on margins, guidance and whether AVs will materially improve economics soon — contributing to downward pressure on the stock. Why Uber Technologies (UBER) Dipped More Than Broader Market Today
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.
See Also
- Five stocks we like better than Uber Technologies
- The gold chart Wall Street is terrified of…
- Elon Musk already made me a “wealthy man”
- Unlocked: Elon Musk’s Next Big IPO
- Silver paying 20% dividend. Plus 68% share gains
- 1,500 Banks Just Handed the Fed Your Bank Account
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).
Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
