Uber Technologies (NYSE:UBER) Shares Up 2.6% – Here’s Why

Shares of Uber Technologies, Inc. (NYSE:UBER) were up 2.6% during mid-day trading on Thursday. The company traded as high as $70.32 and last traded at $70.2460. Approximately 14,404,743 shares were traded during trading, a decline of 25% from the average daily volume of 19,097,883 shares. The stock had previously closed at $68.45.

More Uber Technologies News

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

• Positive Sentiment: Uber agreed to acquire ezCater, a profitable corporate-catering marketplace, for approximately $2.3 billion in cash. The deal could strengthen Uber for Business, add higher-value orders—ezCater’s average order reportedly exceeds $400—and diversify revenue beyond consumer rides and restaurant meals. Deal Dispatch: Uber Buys ezCater For $2.3B
• Positive Sentiment: Analysts and financial commentators described the ezCater purchase as a potentially smart margin and growth move, while Uber’s CFO argued that acquisitions can accelerate expansion more effectively than building new businesses internally. Uber’s ezCater Acquisition Looks Like a Smart Move
• Positive Sentiment: Uber Eats expanded its marketplace through a partnership with Sur La Table, adding cookware, appliances, kitchen tools and other products for on-demand and scheduled delivery. The move supports Uber’s broader strategy of becoming a multipurpose local-commerce platform. Sur La Table Arrives on Uber Eats
• Positive Sentiment: Uber and Pony.ai plan to begin testing Gen-7 autonomous vehicles in London, advancing Uber’s partnership-led robotaxi strategy and its goal of expanding autonomous ride-hailing into multiple global cities. Uber and Pony.ai Plan London Robotaxis
• Neutral Sentiment: Citizens JMP reaffirmed an “Market Outperform” rating. Uber’s trailing operating margin reached 12.1%, its strongest level in five years, but investors are evaluating whether the improvement can persist.
• Negative Sentiment: The ezCater transaction requires a substantial cash outlay and has prompted scrutiny of Uber’s acquisition strategy. Commentary also noted that strong operational growth has been offset by softer guidance, while the company’s year-to-date performance remains under pressure.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. Citigroup restated a “market outperform” rating on shares of Uber Technologies in a report on Wednesday. Jefferies Financial Group increased their price objective on Uber Technologies from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, August 10th. TD Cowen restated a “buy” rating and issued a $118.00 target price on shares of Uber Technologies in a research note on Thursday, July 16th. Citizens Jmp reaffirmed a “market outperform” rating and set a $100.00 price target on shares of Uber Technologies in a research note on Wednesday. Finally, Piper Sandler reiterated an “overweight” rating on shares of Uber Technologies in a report on Thursday, August 13th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.11.

Uber Technologies Stock Up 1.8%

The firm has a market cap of $145.98 billion, a P/E ratio of 15.71, a price-to-earnings-growth ratio of 5.72 and a beta of 1.27. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average of $73.17 and a 200-day moving average of $72.94.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. 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 company earned $0.60 earnings per share. The business’s 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. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 3.35 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi purchased 141,000 shares of the company’s stock in a transaction on Thursday, September 10th. The shares were purchased at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the completion of 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on 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 owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. This represents a 15.85% decrease in their position. The SEC filing for this sale provides additional information. 3.81% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Uber Technologies

Several hedge funds have recently added to or reduced their stakes in UBER. Jacobs & Co. CA increased its holdings in shares of Uber Technologies by 0.4% in the third quarter. Jacobs & Co. CA now owns 150,963 shares of the ride-sharing company’s stock valued at $10,342,000 after purchasing an additional 650 shares during the last quarter. ANB Bank raised its holdings in Uber Technologies by 5.2% in the 3rd quarter. ANB Bank now owns 7,626 shares of the ride-sharing company’s stock valued at $522,000 after acquiring an additional 379 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in shares of Uber Technologies by 0.6% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 232,191 shares of the ride-sharing company’s stock worth $15,907,000 after acquiring an additional 1,273 shares during the period. Argus Investors Counsel Inc. boosted its holdings in shares of Uber Technologies by 2.9% during the third quarter. Argus Investors Counsel Inc. now owns 13,742 shares of the ride-sharing company’s stock worth $941,000 after acquiring an additional 392 shares during the period. Finally, Atlas Brown Inc. grew its position in shares of Uber Technologies by 37.4% in the third quarter. Atlas Brown Inc. now owns 10,120 shares of the ride-sharing company’s stock valued at $693,000 after purchasing an additional 2,757 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

About Uber Technologies

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.