Uber Technologies (NYSE:UBER) Shares Down 1.3% – Should You Sell?

Uber Technologies, Inc. (NYSE:UBER) shares were down 1.3% during mid-day trading on Friday. The company traded as low as $69.73 and last traded at $70.3580. 13,521,848 shares traded hands during trading, a decline of 29% from the average session volume of 18,950,785 shares. The stock had previously closed at $71.27.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Guggenheim reaffirmed its “buy” rating and set a $125 price target, implying significant upside from current levels. Wall Street analysts also see a potential recovery to new all-time highs in 2027, supporting the long-term bull case. Guggenheim rating and price target Uber 2027 outlook
• Positive Sentiment: Uber’s revenue growth and scale compare favorably with Coupang, with the company showing a steadier upward sales trajectory across recent comparable periods. Uber and Coupang revenue comparison
• Positive Sentiment: Uber began a self-driving robotaxi trial in Manchester, potentially strengthening its future positioning in autonomous transportation and mobility partnerships. Uber Manchester robotaxi trial
• Neutral Sentiment: Erste Group Bank issued a fiscal 2027 earnings estimate for Uber, indicating continued analyst attention but providing limited immediate insight into near-term earnings momentum. Erste Group 2027 earnings estimate
• Negative Sentiment: Emerald Wealth Partners exited Uber from its Q3 growth strategy. The move may weigh on sentiment by signaling that at least one investment manager sees a more attractive risk-reward profile elsewhere. Emerald Wealth Partners exit
• Negative Sentiment: Lyft is launching Alcove, a business-travel and chauffeur brand, intensifying competition in an important corporate transportation segment. Lyft Alcove business travel brand
• Negative Sentiment: Uber settled a sexual-assault lawsuit before trial, removing immediate litigation risk but renewing scrutiny of the company’s safety record and reputation. Uber sexual-assault lawsuit settlement
• Negative Sentiment: Recent coverage highlights investor concerns about robotaxi disruption, weak guidance and other longer-term risks, helping explain the stock’s recent weakness despite optimistic analyst targets. Uber outlook and robotaxi concerns

Analysts Set New Price Targets

Several research analysts have weighed in on UBER shares. Barclays dropped their target price on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. DA Davidson cut their price target on Uber Technologies from $107.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. Piper Sandler reiterated an “overweight” rating on shares of Uber Technologies in a report on Thursday, August 13th. TD Cowen reiterated a “buy” rating and set a $118.00 price target on shares of Uber Technologies in a report on Thursday, July 16th. Finally, Wedbush reissued an “outperform” rating and issued a $91.00 price target on shares of Uber Technologies in a research note on Tuesday, September 8th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $103.11.

Uber Technologies Stock Down 1.3%

The business’s 50 day moving average is $73.10 and its 200-day moving average is $72.90. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $143.71 billion, a price-to-earnings ratio of 15.46, a price-to-earnings-growth ratio of 6.00 and a beta of 1.27.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business’s quarterly revenue was up 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. Equities analysts anticipate that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insider Activity

In related news, insider Jill Hazelbaker sold 28,170 shares of the business’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the transaction, the insider owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. The trade was a 15.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Andrew Macdonald acquired 70,000 shares of the business’s stock in a transaction that occurred on Friday, September 4th. The shares were acquired 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 in the company, valued at $32,327,845.60. The trade was a 19.65% increase in their position. The SEC filing for this purchase provides additional information. 3.81% of the stock is currently owned by company insiders.

Institutional Trading of Uber Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UBER. BIP Wealth LLC acquired a new stake in Uber Technologies during the second quarter valued at approximately $1,033,000. Pacer Advisors Inc. raised its holdings in shares of Uber Technologies by 23.7% in the 1st quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock worth $370,641,000 after buying an additional 985,989 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Uber Technologies by 6.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock worth $37,025,000 after buying an additional 29,587 shares in the last quarter. Weiss Asset Management LP raised its holdings in shares of Uber Technologies by 465.5% in 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 in the last quarter. Finally, Evercore Wealth Management LLC lifted its position in shares of Uber Technologies by 6.3% during the 1st quarter. Evercore Wealth Management LLC now owns 1,156,032 shares of the ride-sharing company’s stock worth $83,153,000 after buying an additional 68,433 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.