Uber Technologies (NYSE:UBER) Trading Up 1.3% – Time to Buy?

Uber Technologies, Inc. (NYSE:UBER)’s share price rose 1.3% on Monday . The company traded as high as $72.80 and last traded at $72.5760. Approximately 18,856,514 shares were traded during trading, a decline of 3% from the average daily volume of 19,350,359 shares. The stock had previously closed at $71.67.

Key Uber Technologies News

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

• Positive Sentiment: Uber CEO Dara Khosrowshahi reportedly bought millions of dollars of UBER shares using his own money and without a prearranged trading plan. The purchase may signal management’s confidence that the stock is undervalued and that Uber’s long-term growth prospects remain attractive. Why These 2 CEOs Just Bought Millions in Their Own Stocks
• Positive Sentiment: An analysis argues that Uber is well positioned for the emerging “quick commerce” market, potentially broadening growth beyond traditional ride-hailing through delivery and other on-demand services. This supports the company’s longer-term diversification thesis. Uber: Welcome To The Age Of Q-Commerce
• Neutral Sentiment: Uber is attracting substantial attention from Zacks users, but the related analysis is primarily a review of factors affecting the company’s outlook rather than a new earnings or operational catalyst. Uber’s latest reported quarter included $0.81 in EPS, slightly above consensus, while revenue growth was 12.2% year over year. Is Most-Watched Stock Uber Technologies Worth Betting on Now?
• Negative Sentiment: Arete Research downgraded Uber to Neutral, potentially limiting near-term upside and reflecting greater caution around valuation or execution after the stock’s prior performance. Uber Cut to Neutral at Arete Research
• Negative Sentiment: Walmart’s expanded delivery push could intensify competition for Uber Eats, although the analysis notes that challenging DoorDash and Uber will require significant execution. Walmart Declared War on DoorDash and Uber Eats
• Negative Sentiment: A drivers’ pay dispute in Nigeria has prompted the AUATON union to give Uber 14 days to resolve the issue, creating a potential regulatory, labor and operating risk in that market. AUATON Gives Uber 14 Days to Resolve Drivers’ Pay Dispute

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a report on Thursday, August 6th. Scotiabank started coverage on Uber Technologies in a report on Wednesday, September 9th. They set a “sector outperform” rating and a $100.00 price objective for the company. Roth Capital decreased their target price on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Monday, August 10th. Mizuho set a $112.00 target price on Uber Technologies in a research note on Thursday, August 6th. Finally, Rosenblatt Securities started coverage on Uber Technologies in a research note on Tuesday, September 1st. They issued a “buy” rating and a $100.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.03.

Uber Technologies Stock Performance

The company’s fifty day moving average is $73.95 and its 200 day moving average is $73.62. The company has a market capitalization of $148.24 billion, a P/E ratio of 15.95, a P/E/G ratio of 5.54 and a beta of 1.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last issued 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 business had revenue of $14.19 billion for the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The business’s revenue for the quarter was up 12.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 3.54 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi bought 141,000 shares of Uber Technologies stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the acquisition, the chief executive officer directly owned 1,367,100 shares of the company’s stock, valued at $97,009,416. This represents a 11.50% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Macdonald purchased 70,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were bought at an average price of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the transaction, the insider owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 3.81% of the company’s stock.

Hedge Funds Weigh In On Uber Technologies

A number of large investors have recently modified their holdings of the company. Marathon Wealth Advisors LLC increased its holdings in Uber Technologies by 0.7% during the 2nd quarter. Marathon Wealth Advisors LLC now owns 28,249 shares of the ride-sharing company’s stock worth $2,038,000 after acquiring an additional 203 shares during the period. IPG Investment Advisors LLC boosted its holdings in Uber Technologies by 14.6% in the 2nd quarter. IPG Investment Advisors LLC now owns 51,434 shares of the ride-sharing company’s stock valued at $3,711,000 after purchasing an additional 6,568 shares during the period. WINTON GROUP Ltd grew its position in shares of Uber Technologies by 77.9% during the 2nd quarter. WINTON GROUP Ltd now owns 192,400 shares of the ride-sharing company’s stock valued at $13,884,000 after purchasing an additional 84,250 shares in the last quarter. Concorde Asset Management LLC grew its position in shares of Uber Technologies by 6.3% during the 2nd quarter. Concorde Asset Management LLC now owns 6,401 shares of the ride-sharing company’s stock valued at $462,000 after purchasing an additional 379 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Uber Technologies by 17.1% in the second quarter. Pinnacle Wealth Management Advisory Group LLC now owns 5,359 shares of the ride-sharing company’s stock worth $387,000 after purchasing an additional 781 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting consumers with drivers, couriers, merchants and transportation providers. The company’s core mobility business enables users to request rides through the Uber app, including options such as private rides, taxis and other forms of local transportation.

Uber also operates Uber Eats, a delivery marketplace that connects consumers with restaurants, grocery stores and other retailers. In addition, the company provides logistics services through Uber Freight, which connects carriers and shippers, and offers advertising solutions to businesses seeking to reach users on its platform.