Primecap Management Co. CA Reduces Position in Uber Technologies, Inc. $UBER

Primecap Management Co. CA decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 4.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 961,300 shares of the ride-sharing company’s stock after selling 45,450 shares during the period. Primecap Management Co. CA’s holdings in Uber Technologies were worth $94,179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in UBER. Kilter Group LLC acquired a new stake in shares of Uber Technologies during the second quarter worth about $26,000. Westend Capital Management LLC purchased a new position in Uber Technologies during the 3rd quarter worth approximately $27,000. Total Investment Management Inc. acquired a new stake in Uber Technologies during the 2nd quarter valued at approximately $32,000. Pilgrim Partners Asia Pte Ltd acquired a new stake in Uber Technologies during the 3rd quarter valued at approximately $34,000. Finally, Howard Hughes Medical Institute purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research reports. Roth Mkm set a $105.00 target price on shares of Uber Technologies in a research report on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Guggenheim lowered their target price on Uber Technologies from $135.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, February 18th. Canaccord Genuity Group set a $72.00 price target on Uber Technologies in a research report on Thursday, February 5th. Finally, Wolfe Research decreased their price target on Uber Technologies from $125.00 to $110.00 and set an “outperform” rating for the company in a report on Monday, January 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.53.

Key Headlines Impacting Uber Technologies

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

• Positive Sentiment: Uber and Joby Aviation confirmed in‑app booking and a planned commercial launch of electric air taxis in Dubai in 2026 — this is a visible step toward monetizing premium urban air mobility and differentiating Uber’s mobility network. Joby And Uber Link Air Taxi Bookings
• Positive Sentiment: The Trump administration moved to roll back a Biden‑era independent‑contractor rule, a change investors view as reducing driver‑classification risk and potential labor costs for gig platforms. Markets reacted positively to the policy shift. Uber, Lyft stocks surge as Trump scraps Biden-era contractor rule
• Positive Sentiment: Uber agreed to acquire SpotHero (parking reservations covering ~13,000 locations), expanding the app into parking and commuter/event use cases — a logical step toward a “super‑app” and new monetization. Uber Moves Into Parking in Deal to Acquire SpotHero
• Positive Sentiment: Insider signal: CFO Balaji Krishnamurthy purchased ~22,453 shares (~$1.6M), which investors often read as management confidence in the stock and outlook. SEC filing: Insider purchase
• Positive Sentiment: Uber signed a partnership with drone‑delivery startup Manna, expanding autonomous last‑mile delivery options that could lower costs and improve Eats/freight unit economics over time. Manna signs partnership with Uber
• Neutral Sentiment: Wayve raised $1.2B (with milestone capital from Uber reported), accelerating autonomous driving tech deployment — positive for long‑term AV exposure but distant from near‑term revenue. Wayve raises $1.2bn
• Neutral Sentiment: Baidu and Uber are testing Apollo Go robotaxis in Dubai — a strategic expansion of autonomous partnerships that supports Uber’s platform play but depends on regulatory approvals and scale economics. Baidu And Uber Test Apollo Go Robotaxis In Dubai
• Negative Sentiment: Driver pushback: Seattle protesters urged Uber and Lyft to stop adding drivers to an already “flooded” market; combined with reports of high empty miles, this highlights supply/demand inefficiencies that can pressure driver economics and unit margins. In Seattle protest, workers call on Uber and Lyft to stop adding new drivers
• Negative Sentiment: Competitive/operational risk: Waymo’s accelerated U.S. rollout and new DMV data showing limitations for some AV partners (e.g., Nuro) underline that autonomous mobility is a contested field — faster rival deployments or underperforming partners could dent Uber’s long‑term autonomy lead. Waymo’s Robotaxis Now Being Dispatched in 10 Major U.S. Markets

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the transaction, the insider directly owned 176,584 shares of the company’s stock, valued at $14,744,764. This trade represents a 1.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Balaji (A) Krishnamurthy bought 22,453 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were bought at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the purchase, the chief financial officer directly owned 28,742 shares of the company’s stock, valued at approximately $2,047,867.50. This represents a 357.02% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 2.7%

Shares of UBER opened at $74.76 on Friday. The firm has a market cap 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, Inc. has a 12 month low of $60.63 and a 12 month high of $101.99. The stock’s 50 day moving average is $79.15 and its two-hundred day moving average 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 (NYSE:UBER) last announced its earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The business had revenue of $14.37 billion for the quarter, compared to analyst estimates of $14.32 billion. During the same period in the previous year, the company earned $3.21 earnings per share. The company’s quarterly revenue was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.