Uber Technologies (NYSE:UBER) Stock Price Up 1.3% – Still a Buy?

Uber Technologies, Inc. (NYSE:UBER)’s stock price shot up 1.3% during trading on Monday . The company traded as high as $72.80 and last traded at $72.5760. Approximately 18,856,514 shares changed hands during trading, a decline of 3% from the average session volume of 19,350,359 shares. The stock had previously closed at $71.67.

Uber Technologies News Summary

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

• Positive Sentiment: Uber Eats expanded its Costco delivery partnership to 47 U.S. states. The broader offering could increase order volume, strengthen Uber’s grocery and retail delivery business, and support diversification beyond rides. Costco and Uber Eats Expand Partnership
• Positive Sentiment: OXEA selected Uber Freight to manage transportation across North America and Europe, adding a notable enterprise customer and supporting growth in Uber’s logistics segment. OXEA Taps Uber Freight
• Positive Sentiment: CEO Dara Khosrowshahi recently bought approximately 141,000 shares for more than $10 million. The purchase may signal management’s confidence in Uber’s long-term valuation and strategy. Insider Watch: CEOs Buying Shares
• Neutral Sentiment: Uber launched its first autonomous taxis in London with Wayve, advancing its asset-light autonomous-vehicle strategy, although the financial contribution is still uncertain. Uber and Wayve Launch Autonomous Taxis
• Neutral Sentiment: Uber completed a €4.5 billion multi-tranche euro debt offering, improving funding flexibility but increasing debt obligations and financing costs. Uber Completes Euro Debt Offering
• Negative Sentiment: Uber disclosed roughly 3,300 corporate layoffs as management seeks productivity savings to fund cheaper rides. The plan could improve efficiency, but lower prices and restructuring risks may pressure near-term margins. Uber California Layoffs
• Negative Sentiment: Waymo’s expansion in Las Vegas and planned unsupervised service in Tokyo intensify competition in autonomous transportation, raising concerns about Uber’s future market share and pricing power. Waymo Expands Robotaxi Operations
• Negative Sentiment: Chief Corporate Affairs Officer Jill Hazelbaker sold 28,170 shares worth about $2.0 million, reducing her holdings by 15.85%. Although the sale may be routine, it adds a negative insider-trading signal. SEC Insider Sale Filing

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UBER shares. Piper Sandler reiterated an “overweight” rating on shares of Uber Technologies in a report on Thursday, August 13th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Monday, July 20th. Wedbush restated an “outperform” rating and set a $91.00 price objective on shares of Uber Technologies in a research report on Tuesday, September 8th. BMO Capital Markets set a $119.00 price objective on shares of Uber Technologies in a research report on Thursday, September 3rd. Finally, Tigress Financial lifted their price target on Uber Technologies from $110.00 to $115.00 and gave the company a “buy” rating in a research note on Friday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $103.03.

Uber Technologies Stock Performance

The business’s fifty day moving average price is $73.90 and its 200-day moving average price is $73.62. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $145.93 billion, a PE ratio of 15.70, a P/E/G ratio of 5.75 and a beta of 1.16.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. During the same period last year, the firm earned $0.60 EPS. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities research analysts expect that Uber Technologies, Inc. will post 3.45 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew Macdonald acquired 70,000 shares of the firm’s stock in a transaction on Friday, September 4th. The stock was acquired at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the acquisition, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi purchased 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 in the company, valued at $97,009,416. This represents a 11.50% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 3.81% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

Several hedge funds have recently added to or reduced their stakes in the company. Public Investment Fund bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $5,256,173,439. Norges Bank acquired a new position in shares of Uber Technologies in the 4th quarter valued at $2,515,094,000. Legal & General Group Plc purchased a new stake in Uber Technologies in the second quarter valued at $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Uber Technologies in the second quarter valued at $752,151,000. Finally, Fundsmith LLP purchased a new position in Uber Technologies during the second quarter worth approximately $645,338,000. 80.24% of the stock is currently owned by institutional investors.

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.