Bank Pictet & Cie Europe AG Acquires 48,104 Shares of Uber Technologies, Inc. $UBER

Bank Pictet & Cie Europe AG increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 376,746 shares of the ride-sharing company’s stock after acquiring an additional 48,104 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Uber Technologies were worth $25,811,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. 55 North Private Wealth LLC boosted its stake in Uber Technologies by 7.0% during the 3rd quarter. 55 North Private Wealth LLC now owns 3,312 shares of the ride-sharing company’s stock valued at $227,000 after purchasing an additional 216 shares during the last quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust increased its holdings in Uber Technologies by 41.3% during the 3rd quarter. Retail Employees Superannuation Pty Ltd as trustee for Retail Employees Superannuation Trust now owns 124,767 shares of the ride-sharing company’s stock worth $8,548,000 after purchasing an additional 36,437 shares in the last quarter. Onyx Bridge Wealth Group LLC raised its stake in shares of Uber Technologies by 6.6% in the third quarter. Onyx Bridge Wealth Group LLC now owns 9,376 shares of the ride-sharing company’s stock worth $642,000 after purchasing an additional 584 shares during the last quarter. Banque Pictet & Cie SA raised its stake in shares of Uber Technologies by 33.6% in the third quarter. Banque Pictet & Cie SA now owns 663,775 shares of the ride-sharing company’s stock worth $45,475,000 after purchasing an additional 166,923 shares during the last quarter. Finally, James T. Borello RIA bought a new position in shares of Uber Technologies in the third quarter valued at approximately $40,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on UBER shares. Citigroup reaffirmed a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday, October 7th. Wells Fargo & Company increased their price target on Uber Technologies from $89.00 to $92.00 and gave the company an “overweight” rating in a research report on Monday, October 5th. Evercore restated an “outperform” rating and set a $150.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 5th. Wedbush reaffirmed an “outperform” rating and set a $91.00 price objective on shares of Uber Technologies in a report on Tuesday, September 8th. Finally, Mizuho set a $112.00 target price on shares of Uber Technologies in a research note on Thursday, August 6th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $103.11.

Trending Headlines about Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

• Positive Sentiment: A London court dismissed two lawsuits seeking approximately £340 million ($453 million) from Uber over its private-hire vehicle licensing. The ruling removes a potentially significant financial liability and could improve investor sentiment. Uber Secures Dismissal of £340 Million London Taxi Lawsuits
• Positive Sentiment: Uber Advertising is expanding beyond its own applications through a partnership with TripleLift. The offsite product uses Uber’s first-party mobility and delivery data to target audiences across the open web, potentially creating a new, higher-margin revenue stream. Uber Launches Offsite Advertising Using Its First Party Data
• Positive Sentiment: Analysts continue to highlight Uber’s history of exceeding earnings estimates and say its current earnings indicators point to another potential quarterly beat. Uber’s latest reported quarter included adjusted earnings of $0.81 per share versus a $0.80 consensus estimate. Will Uber Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Recent coverage emphasizes that Uber’s ride-hailing network is generating cash, but investors are assessing whether spending on autonomous vehicles and the proposed Delivery Hero acquisition can produce sufficient long-term returns.
• Negative Sentiment: Uber and Lyft drivers in California have formed a union, potentially increasing operating costs and reducing the flexibility associated with their independent-contractor model. Uber and Lyft Drivers in California Now Have a Gig Worker Rarity: A Union
• Negative Sentiment: Uber’s planned shift toward robotaxis, including reported corporate job cuts and increased investment, raises execution and valuation risks. Autonomous vehicles could ultimately weaken Uber’s control over transportation demand even as they offer long-term growth potential.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded down $1.20 during midday trading on Tuesday, reaching $68.76. The company had a trading volume of 7,946,638 shares, compared to its average volume of 18,873,723. The stock has a market cap of $140.45 billion, a P/E ratio of 15.11, a P/E/G ratio of 6.01 and a beta of 1.27. The company’s 50 day moving average price is $72.94 and its 200 day moving average price is $72.90. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 52-week low of $65.41 and a 52-week high of $100.35.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.01. The business had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 28,170 shares of Uber Technologies stock in a transaction that occurred on 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 sale, the insider owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. The trade was a 15.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The stock was purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the purchase, the chief executive officer owned 1,367,100 shares of the company’s stock, valued at $97,009,416. The trade was a 11.50% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 3.81% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.