NEOS Investment Management LLC Purchases 84,889 Shares of Uber Technologies, Inc. $UBER

NEOS Investment Management LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 50.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 253,823 shares of the ride-sharing company’s stock after acquiring an additional 84,889 shares during the quarter. NEOS Investment Management LLC’s holdings in Uber Technologies were worth $24,867,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Foster Group Inc. increased its stake in Uber Technologies by 3.3% in the third quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock worth $330,000 after purchasing an additional 107 shares during the period. Sage Rhino Capital LLC lifted its holdings in shares of Uber Technologies by 4.2% in the 3rd quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company’s stock worth $268,000 after buying an additional 110 shares during the period. Quent Capital LLC lifted its stake in shares of Uber Technologies by 3.3% during the 3rd quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company’s stock worth $343,000 after purchasing an additional 111 shares during the last quarter. Emergent Wealth Advisors LLC boosted its position in Uber Technologies by 0.7% during the third quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company’s stock valued at $1,701,000 after purchasing an additional 114 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC grew its stake in Uber Technologies by 1.3% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 8,975 shares of the ride-sharing company’s stock valued at $879,000 after purchasing an additional 115 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on UBER shares. UBS Group set a $111.00 target price on Uber Technologies in a research report on Monday, February 2nd. Truist Financial set a $108.00 price objective on Uber Technologies in a report on Monday, February 9th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, January 7th. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, Citigroup decreased their price objective on shares of Uber Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a research note on Friday, February 6th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $104.89.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the sale, the insider owned 176,584 shares in the company, valued at approximately $14,744,764. The trade was a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Trading Down 2.0%

Shares of Uber Technologies stock opened at $69.83 on Tuesday. The firm has a market capitalization of $145.09 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 6.40 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.14. Uber Technologies, Inc. has a fifty-two week low of $60.63 and a fifty-two week high of $101.99. The stock has a 50 day moving average of $80.86 and a 200 day moving average of $88.96.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). The firm had revenue of $14.37 billion during the quarter, compared to analyst estimates of $14.32 billion. Uber Technologies had a net margin of 19.33% and a return on equity of 43.63%. The business’s revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.21 earnings per share. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies 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.