Shell Asset Management Co. Cuts Stake in Uber Technologies, Inc. $UBER

Shell Asset Management Co. cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 78.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,600 shares of the ride-sharing company’s stock after selling 110,504 shares during the period. Shell Asset Management Co.’s holdings in Uber Technologies were worth $2,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brant Point Investment Management LLC purchased a new stake in shares of Uber Technologies in the second quarter valued at approximately $933,000. Spirepoint Private Client LLC raised its position in Uber Technologies by 21.9% during the 3rd quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock valued at $7,331,000 after purchasing an additional 13,454 shares in the last quarter. Econ Financial Services Corp purchased a new stake in shares of Uber Technologies in the 3rd quarter worth $1,538,000. Transcendent Capital Group LLC bought a new position in shares of Uber Technologies during the 3rd quarter worth $1,859,000. Finally, Munro Partners purchased a new position in shares of Uber Technologies during the second quarter valued at $96,294,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 29th. Cantor Fitzgerald dropped their target price on Uber Technologies from $99.00 to $92.00 and set an “overweight” rating on the stock in a research report on Thursday, February 5th. Jefferies Financial Group reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, January 7th. Barclays dropped their price objective on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Stifel Nicolaus reduced their target price on shares of Uber Technologies from $122.00 to $105.00 and set a “buy” rating for the company in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.89.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $69.83 on Friday. Uber Technologies, Inc. has a fifty-two week low of $60.63 and a fifty-two week high of $101.99. The company has a market cap of $145.09 billion, a PE ratio of 14.83, a P/E/G ratio of 6.40 and a beta of 1.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.14. The business has a 50-day simple moving average of $81.32 and a two-hundred day simple moving average of $89.07.

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

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the company’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 sale, the insider owned 176,584 shares in the company, valued at $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 9,375 shares of company stock valued at $799,875 over the last quarter. 3.84% of the stock is currently owned by corporate insiders.

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.