Reynders McVeigh Capital Management LLC Sells 177,279 Shares of Uber Technologies, Inc. $UBER

Reynders McVeigh Capital Management LLC lowered its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 65.3% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 94,291 shares of the ride-sharing company’s stock after selling 177,279 shares during the period. Reynders McVeigh Capital Management LLC’s holdings in Uber Technologies were worth $6,804,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Public Investment Fund purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $5,256,173,439. Norges Bank purchased a new position in shares of Uber Technologies in the 4th quarter valued at approximately $2,515,094,000. Legal & General Group Plc bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $752,151,000. Finally, Fundsmith LLP purchased a new stake in Uber Technologies in the second quarter worth $645,338,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UBER. Roth Capital decreased their price objective on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a report on Monday, August 10th. Mizuho set a $112.00 target price on shares of Uber Technologies in a report on Thursday, August 6th. KeyCorp reduced their target price on shares of Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 14th. Wells Fargo & Company reiterated an “overweight” rating on shares of Uber Technologies in a research note on Wednesday, September 2nd. Finally, Susquehanna lowered their price target on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating for the company in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $103.03.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the sale, the insider directly owned 149,525 shares in the company, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Andrew Macdonald bought 70,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was purchased at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the completion of the acquisition, the insider directly owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their position. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by insiders.

Uber Technologies Stock Down 1.6%

Uber Technologies stock traded down $1.19 during mid-day trading on Tuesday, hitting $71.44. The company had a trading volume of 15,500,388 shares, compared to its average volume of 19,329,037. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The stock’s 50 day moving average price is $73.96 and its two-hundred day moving average price is $73.63. Uber Technologies, Inc. has a 12 month low of $65.41 and a 12 month high of $101.99. The company has a market capitalization of $145.93 billion, a PE ratio of 15.70, a price-to-earnings-growth ratio of 5.54 and a beta of 1.16.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%.The company’s revenue was up 12.2% on a year-over-year basis. During the same period last year, the company earned $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 3.54 earnings per share for the current fiscal year.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: CEO Dara Khosrowshahi purchased approximately 141,000 Uber shares for more than $10 million at an average price near $70.96. The open-market purchase, made without a preset trading plan, may signal management’s confidence that the stock is undervalued. Insider Watch: 3 CEOs Buying Shares
• Positive Sentiment: Uber launched its first autonomous taxis in London with Wayve, supporting its strategy of partnering with autonomous-driving companies rather than developing all technology internally. Uber and Wayve Launch First Autonomous Taxis in London
• Positive Sentiment: Uber Freight won a contract to manage chemical manufacturer OXEA’s transportation across the United States, Canada, Mexico and Europe, providing another validation of its logistics platform and potential business-to-business growth. OXEA taps Uber Freight to manage North American, European logistics
• Positive Sentiment: Uber expanded into Kuwait, adding geographic reach to its mobility business. The financial contribution is not yet clear, but the move supports continued international growth. Kuwait, your Uber has arrived
• Neutral Sentiment: Recent commentary highlights Uber’s asset-light model, delivery growth and strong profitability relative to some consumer-stock peers, though these comparisons do not represent new company guidance. Carnival vs. Uber Technologies
• Negative Sentiment: Uber announced roughly 3,300 corporate layoffs and indicated productivity gains from artificial intelligence could help fund cheaper rides. Lower prices could support demand, but they may also pressure margins and raise concerns about whether promised savings will offset the restructuring. Uber CEO Says 3,300 Layoffs Will Fund Cheaper Rides
• Negative Sentiment: Alphabet-backed Waymo is expanding robotaxi operations in Las Vegas and planning an unsupervised Tokyo launch, intensifying a competitive threat to Uber’s future mobility economics. Waymo Expands Robotaxi Battle

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.