Strategic Family Wealth Counselors L.L.C. Sells 10,434 Shares of Uber Technologies, Inc. $UBER

Strategic Family Wealth Counselors L.L.C. reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,172 shares of the ride-sharing company’s stock after selling 10,434 shares during the period. Uber Technologies comprises 1.9% of Strategic Family Wealth Counselors L.L.C.’s portfolio, making the stock its 19th largest holding. Strategic Family Wealth Counselors L.L.C.’s holdings in Uber Technologies were worth $7,822,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Public Investment Fund bought a new position in Uber Technologies in the 2nd quarter worth $5,256,173,439. Legal & General Group Plc bought a new stake in Uber Technologies during the second quarter valued at about $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Uber Technologies during the second quarter valued at about $752,151,000. Baird Financial Group Inc. grew its holdings in Uber Technologies by 64.4% during the second quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock valued at $656,609,000 after purchasing an additional 3,564,073 shares during the period. Finally, Fundsmith LLP purchased a new stake in Uber Technologies in the second quarter worth about $645,338,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

NYSE UBER opened at $65.16 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a twelve month low of $64.04 and a twelve month high of $100.35. The business has a 50-day moving average price of $71.21 and a 200-day moving average price of $73.44. The firm has a market cap of $133.09 billion, a price-to-earnings ratio of 14.32, a price-to-earnings-growth ratio of 6.24 and a beta of 1.33.

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on UBER shares. Guggenheim reaffirmed a “buy” rating and set a $125.00 price objective on shares of Uber Technologies in a research report on Friday, October 16th. Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a research note on Wednesday, September 30th. Wells Fargo & Company lifted their price target on shares of Uber Technologies from $89.00 to $92.00 and gave the company an “overweight” rating in a report on Monday, October 5th. Citigroup reiterated a “market outperform” rating on shares of Uber Technologies in a research report on Wednesday, October 7th. Finally, Weiss Ratings cut shares of Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $102.97.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 28,170 shares of the business’s stock in a transaction 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 transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi bought 141,000 shares of the company’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the transaction, 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. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.81% of the company’s stock.

About Uber Technologies

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.