Atwood & Palmer Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 4.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 194,658 shares of the ride-sharing company’s stock after acquiring an additional 8,256 shares during the period. Atwood & Palmer Inc.’s holdings in Uber Technologies were worth $13,336,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Osbon Capital Management LLC purchased a new stake in shares of Uber Technologies in the fourth quarter valued at about $25,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $25,000. Portus Wealth Advisors LLC purchased a new position in shares of Uber Technologies during the 1st quarter worth approximately $25,000. Gould Capital LLC increased its stake in shares of Uber Technologies by 245.0% during the 4th quarter. Gould Capital LLC now owns 345 shares of the ride-sharing company’s stock worth $28,000 after purchasing an additional 245 shares in the last quarter. Finally, Dunhill Financial LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.
Uber Technologies Trading Up 2.6%
Shares of UBER traded up $1.80 during trading hours on Thursday, hitting $70.25. The stock had a trading volume of 14,495,027 shares, compared to its average volume of 19,099,824. Uber Technologies, Inc. has a 12-month low of $65.41 and a 12-month high of $100.35. The firm has a market cap of $143.48 billion, a P/E ratio of 15.44, a P/E/G ratio of 5.63 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 company’s fifty day simple moving average is $73.15 and its 200 day simple moving average is $72.98.
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 stock was purchased at an average price of $75.83 per share, with a total value of $5,308,100.00. Following the transaction, the insider owned 426,320 shares in the company, valued at $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi purchased 141,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the acquisition, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at $97,009,416. This trade represents a 11.50% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 3.81% of the company’s stock.
Uber Technologies News Summary
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Robotaxi expansion: Uber and Pony.ai plan to begin testing Pony.ai’s Gen-7 autonomous vehicles in London within weeks. The partnership is part of Uber’s broader goal of offering autonomous ride-hailing in 15 cities by the end of 2026, potentially strengthening its long-term growth profile. Uber and China’s Pony.ai plan to launch robotaxis in London
- Positive Sentiment: Food-delivery growth: Uber’s planned $2.3 billion acquisition of ezCater would expand Uber Eats into workplace catering, add access to more than 140,000 restaurants and increase exposure to higher-value business orders. Analysts estimate the deal could contribute to bookings and EBITDA growth in 2027. Uber to Expand Food Delivery Reach Via ezCater Buy
- Positive Sentiment: Analyst support and bookings momentum: Citizens JMP reaffirmed a “market outperform” rating and a $100 price target. Separate commentary highlighted strong bookings momentum and Uber’s cash-generation potential, offering a bullish counterpoint to recent investor caution. Uber Technologies acquisitions and 2027 bookings
- Neutral Sentiment: Operational performance remains mixed: A Q3 investor letter cited strong operational growth, but said softer guidance limited the benefit. Uber previously reported quarterly earnings slightly above expectations, while revenue came in just below consensus.
- Negative Sentiment: Acquisition concerns: The ezCater purchase has drawn criticism from retail investors concerned about valuation, integration risk and whether Uber should buy businesses rather than build internally. The transaction also adds to Uber’s capital commitments alongside its planned Delivery Hero investment. Uber’s M&A Playbook Faces Scrutiny
- Negative Sentiment: Service and legal risks: A study said Uber riders are paying substantially more while waiting longer, which could pressure demand and customer satisfaction. Uber also settled another bellwether sexual-assault lawsuit, underscoring continuing litigation and reputational risks.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Uber Technologies from $89.00 to $92.00 and gave the company an “overweight” rating in a research note on Monday. Barclays decreased their price objective on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. 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. Finally, Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Monday, September 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.11.
Get Our Latest Analysis on UBER
Uber Technologies 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.
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