Myriad Asset Management US LP Acquires Shares of 12,080 Uber Technologies, Inc. $UBER

Myriad Asset Management US LP bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,080 shares of the ride-sharing company’s stock, valued at approximately $1,183,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Norges Bank acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at about $2,348,319,000. Pacer Advisors Inc. increased its stake in Uber Technologies by 1,905.3% during the third quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock valued at $426,216,000 after acquiring an additional 4,133,532 shares during the period. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after acquiring an additional 3,025,483 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Uber Technologies by 4,471.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock worth $290,660,000 after purchasing an additional 2,901,936 shares in the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Uber Technologies by 105.9% in the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after purchasing an additional 2,807,967 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 2.1%

Shares of UBER opened at $82.48 on Friday. The business’s fifty day moving average price is $84.84 and its two-hundred day moving average price is $90.85. The firm has a market capitalization of $171.38 billion, a price-to-earnings ratio of 10.60 and a beta of 1.20. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $1.20 EPS. On average, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated 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 owned 176,584 shares of the company’s stock, valued at $14,744,764. The trade was a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 14,875 shares of company stock worth $1,319,130 over the last 90 days. 3.84% of the stock is owned by corporate insiders.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Street support: Guggenheim reaffirmed a Buy and a $135 price target, and TD Cowen maintained its Buy view — both signal upgraded earnings/valuation confidence that can drive demand for the stock. Benzinga
• Positive Sentiment: New commerce distribution opportunity: a nationwide Kroger rollout onto Uber apps could expand Eats/grocery gross bookings and revenue mix if adoption is strong — supports the bull case for platform monetization. The Bull Case For Uber Technologies (UBER)
• Positive Sentiment: Local partnership: Guzman y Gomez signed a multi‑year exclusive delivery deal with Uber Eats in Australia — incremental volume/repeat orders in a growth market, though scale impact is modest near term. Guzman y Gomez Strikes Exclusive Uber Eats Delivery Deal
• Neutral Sentiment: Legal process nuance: one BloombergLaw piece says a plaintiffs’ lawyer in a high‑profile sexual‑assault case is “on thin ice,” which could reduce near‑term legal risk — outcome remains uncertain and timing unclear. Plaintiff’s Lawyer in Uber Sexual Assaults Case ‘On Thin Ice’
• Negative Sentiment: Regulatory / litigation risk persists: separate BloombergLaw coverage highlights men suing Uber and Lyft over a women’s‑safety feature — any adverse ruling, damages or forced product changes could be a reputational and financial headwind. Men Suing Uber, Lyft Over Women’s Safety Feature
• Negative Sentiment: Competitive/technology risk: Wedbush flagged accelerating autonomous competitors (Waymo, Tesla) as a long‑term threat to traditional ride‑hailing margins and market share — investors are wary of robotaxi disruption damping multiples. Uber faces long-term risks as Waymo, Tesla advance autonomous ride-hailing
• Negative Sentiment: Driver economics/reputational story: a widely shared piece about a driver owing ~$2,800/month on cars bought to drive for Uber raises questions about driver margins and sustainability of supply in some markets. California man owes $2,800 a month on cars he bought to drive for Uber
• Negative Sentiment: Insider selling: General counsel Tony West sold 3,125 shares recently — small in absolute terms but often interpreted by traders as a near‑term negative signal. Insider Selling: Tony West Sells Shares

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, January 17th. KeyCorp lowered their price target on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating on the stock in a research report on Tuesday. Exane BNP Paribas raised shares of Uber Technologies to a “strong-buy” rating in a report on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research report on Wednesday, October 29th. Four investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $107.97.

About Uber Technologies

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.