Uber Technologies, Inc. $UBER Stock Sold by Coastline Trust Co

Coastline Trust Co cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 31.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 20,724 shares of the ride-sharing company’s stock after selling 9,332 shares during the period. Coastline Trust Co’s holdings in Uber Technologies were worth $1,420,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Capital Research Global Investors raised its position in shares of Uber Technologies by 2.6% during the 4th quarter. Capital Research Global Investors now owns 113,456,376 shares of the ride-sharing company’s stock worth $9,270,561,000 after purchasing an additional 2,903,021 shares during the last quarter. Public Investment Fund acquired a new stake in Uber Technologies in the 2nd quarter worth about $5,256,173,439. Capital World Investors increased its stake in Uber Technologies by 1.5% during the 4th quarter. Capital World Investors now owns 17,278,031 shares of the ride-sharing company’s stock worth $1,411,793,000 after buying an additional 261,564 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Uber Technologies by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,078,612 shares of the ride-sharing company’s stock worth $1,068,653,000 after buying an additional 258,448 shares in the last quarter. Finally, Legal & General Group Plc acquired a new position in shares of Uber Technologies during the second quarter valued at approximately $943,167,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UBER shares. Arete Research set a $74.00 price target on Uber Technologies and gave the stock a “neutral” rating in a research note on Thursday, September 10th. Barclays decreased their price objective on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. KeyCorp lowered 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 note on Tuesday, July 14th. Tigress Financial upped their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, June 12th. Finally, DA Davidson reduced their target price on shares of Uber Technologies from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $103.03.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction on Thursday, September 10th. The shares were bought at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the transaction, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew Macdonald purchased 70,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was acquired at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the purchase, the insider owned 426,320 shares in the company, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.81% of the company’s stock.

Uber Technologies Trading Down 1.6%

NYSE:UBER traded down $1.10 during trading hours on Thursday, hitting $67.41. The company had a trading volume of 7,460,286 shares, compared to its average volume of 19,155,756. Uber Technologies, Inc. has a 1 year low of $65.41 and a 1 year high of $101.29. The company has a market cap of $137.68 billion, a P/E ratio of 14.81, a P/E/G ratio of 5.65 and a beta of 1.16. The company has a 50-day moving average of $73.20 and a 200 day moving average of $73.23. 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 (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $14.24 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Uber Technologies’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. Sell-side analysts expect that Uber Technologies, Inc. will post 3.35 earnings per share for the current year.

Uber Technologies Company Profile

Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.

Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.