Uber Technologies (NYSE:UBER) Shares Climb 1.9% – What’s Next?

Uber Technologies, Inc. (NYSE:UBER)’s stock price rose 1.9% on Tuesday. The company traded as high as $69.89 and last traded at $69.4390. 14,652,163 shares were traded during trading, a decline of 24% from the average daily volume of 19,240,002 shares. The stock had previously closed at $68.16.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UBER. Mizuho set a $112.00 price objective on shares of Uber Technologies in a report on Thursday, August 6th. Scotiabank initiated coverage on shares of Uber Technologies in a report on Wednesday, September 9th. They issued a “sector outperform” rating and a $100.00 target price for the company. Wells Fargo & Company reiterated an “overweight” rating on shares of Uber Technologies in a research report on Wednesday, September 2nd. The Goldman Sachs Group set a $100.00 price target on Uber Technologies in a report on Monday, June 29th. Finally, Tigress Financial raised their price objective 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 investment 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 issued a Sell rating to the company’s stock. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $103.03.

Uber Technologies Trading Down 0.8%

The firm has a market cap of $138.83 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 5.65 and a beta of 1.16. The business has a 50 day moving average of $73.20 and a 200 day moving average of $73.23. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last released its earnings results 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. The company had revenue of $14.19 billion for the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 3.35 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi acquired 141,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the purchase, the chief executive officer directly owned 1,367,100 shares in the company, valued at $97,009,416. The trade was a 11.50% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Andrew Macdonald purchased 70,000 shares of the company’s stock in a transaction that occurred on Friday, September 4th. The shares were bought at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the transaction, the insider directly owned 426,320 shares of the company’s stock, valued at $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 owned by company insiders.

Institutional Trading of Uber Technologies

Several large investors have recently added to or reduced their stakes in UBER. BIP Wealth LLC purchased a new stake in shares of Uber Technologies during the second quarter valued at approximately $1,033,000. Pacer Advisors Inc. boosted its stake in shares of Uber Technologies by 23.7% in the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock valued at $370,641,000 after purchasing an additional 985,989 shares during the period. PNC Financial Services Group Inc. grew its holdings in Uber Technologies by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after purchasing an additional 29,587 shares in the last quarter. Weiss Asset Management LP increased its stake in Uber Technologies by 465.5% during the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after buying an additional 51,465 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. purchased a new stake in Uber Technologies during the 4th quarter worth $17,336,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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.