Handelsbanken Fonder AB Sells 149,646 Shares of Uber Technologies, Inc. $UBER

Handelsbanken Fonder AB trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.6% during the third quarter, HoldingsChannel reports. The firm owned 2,122,509 shares of the ride-sharing company’s stock after selling 149,646 shares during the quarter. Uber Technologies comprises 0.7% of Handelsbanken Fonder AB’s portfolio, making the stock its 21st largest holding. Handelsbanken Fonder AB’s holdings in Uber Technologies were worth $207,942,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Foster Group Inc. lifted its holdings in Uber Technologies by 3.3% during the third quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock worth $330,000 after acquiring an additional 107 shares in the last quarter. Sage Rhino Capital LLC lifted its holdings in shares of Uber Technologies by 4.2% during the 3rd quarter. Sage Rhino Capital LLC now owns 2,740 shares of the ride-sharing company’s stock valued at $268,000 after purchasing an additional 110 shares in the last quarter. Quent Capital LLC grew its position in shares of Uber Technologies by 3.3% in the 3rd quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company’s stock valued at $343,000 after purchasing an additional 111 shares during the period. Advisors Capital Management LLC increased its stake in Uber Technologies by 1.8% during the 3rd quarter. Advisors Capital Management LLC now owns 6,398 shares of the ride-sharing company’s stock worth $627,000 after purchasing an additional 111 shares in the last quarter. Finally, Emergent Wealth Advisors LLC raised its holdings in Uber Technologies by 0.7% during the 3rd quarter. Emergent Wealth Advisors LLC now owns 17,361 shares of the ride-sharing company’s stock worth $1,701,000 after buying an additional 114 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Key Uber Technologies News

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

• Positive Sentiment: Uber and Joby confirmed Uber Air will be integrated into the Uber app with commercial Joby eVTOL flights planned in Dubai this year — a visible consumer launch that expands Uber’s mobility TAM and creates a new, higher?margin revenue stream if scaled. Get Ready for Takeoff With Uber and Joby
• Positive Sentiment: The U.S. administration moved to scrap a Biden?era independent?contractor rule, a regulatory shift that should make it easier for gig platforms to classify drivers as contractors — a potential long?term cost and flexibility win for Uber. Trump administration moves to nix Biden-era rule on independent contractors
• Positive Sentiment: Insider buying activity was reported, signaling management confidence in the stock and near?term outlook. Insider purchases can support investor sentiment. Uber Technologies (NYSE:UBER) Trading 2% Higher on Insider Buying Activity
• Positive Sentiment: BTIG reaffirmed a Buy rating with a $100 price target, reinforcing Wall Street support after Uber’s recent mobility announcements and partnerships. Analyst endorsements lend credibility to the growth narrative. Is Uber Technologies (UBER) One of the Best Transportation Stocks to Buy According to Wall Street Analysts?
• Positive Sentiment: Wayve’s large funding round includes milestone?based capital from Uber, signaling continued strategic investment in autonomous driving tech that could help Uber scale robotaxi offerings over time. Wayve raises $1.2B as it gears up for London autonomous driving trials
• Neutral Sentiment: Analysts updated valuation models and cut an aggregate fair?value estimate slightly (from ~$105.36 to ~$104.47), reflecting sector multiple resets rather than a conviction change — monitor revisions for directional signals. How The Uber Technologies (UBER) Story Is Shifting As Analysts Reset Valuations And Expectations
• Neutral Sentiment: Uber has underperformed the Nasdaq over the past year even as many analysts remain bullish — suggests the stock is balancing long?term growth optionality with near?term execution and macro concerns. Is Uber Technologies Stock Underperforming the Nasdaq?
• Negative Sentiment: Driver groups in Seattle protested new driver additions, arguing oversupply and weak utilization; worsening driver economics or reputational issues can pressure supply, fares, and margin. In Seattle protest, workers call on Uber and Lyft to stop adding new drivers to ‘flooded’ market
• Negative Sentiment: Data showing a robotaxi partner (Nuro) with limited miles and reliance on human intervention raises questions about third?party robotaxi readiness and potential liability/regulatory friction for partners in Uber’s autonomous roadmap. New Uber-Joby Aviation
• Negative Sentiment: Broader tech?sector AI layoffs and macro uncertainty are creating risk?off sentiment that could cap multiple expansion for high?growth mobility names if earnings visibility weakens. Doomsday scenario or reality? Mass layoffs fuel fear of AI Armageddon

Insider Activity at Uber Technologies

In related news, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was purchased at an average cost of $71.25 per share, for a total transaction of $1,599,776.25. Following the completion of the purchase, the chief financial officer directly owned 28,742 shares in the company, valued at $2,047,867.50. This trade represents a 357.02% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the insider directly owned 176,584 shares in the company, valued at $14,744,764. This trade represents a 1.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. KeyCorp cut their price objective 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, January 20th. Barclays reduced their target price on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. DA Davidson dropped their price target on Uber Technologies from $108.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Uber Technologies in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.53.

Uber Technologies Stock Up 2.7%

Shares of UBER stock opened at $74.76 on Friday. The firm’s fifty day moving average price is $79.15 and its two-hundred day moving average price is $88.02. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99. The firm has a market capitalization of $153.87 billion, a P/E ratio of 15.87, a PEG ratio of 6.67 and a beta of 1.21.

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