Avity Investment Management Inc. boosted its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 4.2% in the third quarter, HoldingsChannel.com reports. The firm owned 198,893 shares of the ride-sharing company’s stock after purchasing an additional 8,053 shares during the quarter. Avity Investment Management Inc.’s holdings in Uber Technologies were worth $13,626,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Wedmont Private Capital raised its stake in shares of Uber Technologies by 47.8% in the 3rd quarter. Wedmont Private Capital now owns 36,464 shares of the ride-sharing company’s stock worth $2,561,000 after buying an additional 11,799 shares in the last quarter. PKO BP BANKOWY Universal Pension Society JSC lifted its holdings in shares of Uber Technologies by 0.7% in the third quarter. PKO BP BANKOWY Universal Pension Society JSC now owns 414,550 shares of the ride-sharing company’s stock valued at $28,401,000 after buying an additional 3,000 shares during the period. Douglas Lane & Associates LLC boosted its stake in Uber Technologies by 26.5% during the third quarter. Douglas Lane & Associates LLC now owns 287,237 shares of the ride-sharing company’s stock valued at $19,679,000 after buying an additional 60,134 shares in the last quarter. Breakwater Capital Group boosted its stake in Uber Technologies by 8.5% during the third quarter. Breakwater Capital Group now owns 7,560 shares of the ride-sharing company’s stock valued at $518,000 after buying an additional 591 shares in the last quarter. Finally, Inspirion Wealth Advisors LLC grew its holdings in Uber Technologies by 4.9% during the third quarter. Inspirion Wealth Advisors LLC now owns 8,210 shares of the ride-sharing company’s stock worth $562,000 after acquiring an additional 380 shares during the period. 80.24% of the stock is owned by institutional investors.
Insider Buying and Selling
In related news, insider Jill Hazelbaker sold 28,170 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $71.31, for a total value 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. This trade represents a 15.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi acquired 141,000 shares of the stock in a transaction on Thursday, September 10th. The shares were purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the transaction, the chief executive officer owned 1,367,100 shares in the company, valued at approximately $97,009,416. This represents a 11.50% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.81% of the company’s stock.
Uber Technologies Trading Up 1.8%
Uber Technologies (NYSE:UBER – Get Free Report) 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 company had revenue of $14.19 billion during 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% on a year-over-year basis. During the same period last year, the company posted $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 3.35 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the stock. Jefferies Financial Group boosted their price target on shares of Uber Technologies from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. UBS Group reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Tuesday, September 8th. Wedbush reiterated an “outperform” rating and issued a $91.00 target price on shares of Uber Technologies in a report on Tuesday, September 8th. Guggenheim reissued a “buy” rating on shares of Uber Technologies in a research note on Thursday, September 3rd. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Monday, July 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $103.11.
Read Our Latest Stock Analysis on Uber Technologies
Trending Headlines about Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: Uber agreed to acquire ezCater, a profitable corporate-catering marketplace, for approximately $2.3 billion in cash. The deal could strengthen Uber for Business, add higher-value orders—ezCater’s average order reportedly exceeds $400—and diversify revenue beyond consumer rides and restaurant meals. Deal Dispatch: Uber Buys ezCater For $2.3B
- Positive Sentiment: Analysts and financial commentators described the ezCater purchase as a potentially smart margin and growth move, while Uber’s CFO argued that acquisitions can accelerate expansion more effectively than building new businesses internally. Uber’s ezCater Acquisition Looks Like a Smart Move
- Positive Sentiment: Uber Eats expanded its marketplace through a partnership with Sur La Table, adding cookware, appliances, kitchen tools and other products for on-demand and scheduled delivery. The move supports Uber’s broader strategy of becoming a multipurpose local-commerce platform. Sur La Table Arrives on Uber Eats
- Positive Sentiment: Uber and Pony.ai plan to begin testing Gen-7 autonomous vehicles in London, advancing Uber’s partnership-led robotaxi strategy and its goal of expanding autonomous ride-hailing into multiple global cities. Uber and Pony.ai Plan London Robotaxis
- Neutral Sentiment: Citizens JMP reaffirmed an “Market Outperform” rating. Uber’s trailing operating margin reached 12.1%, its strongest level in five years, but investors are evaluating whether the improvement can persist.
- Negative Sentiment: The ezCater transaction requires a substantial cash outlay and has prompted scrutiny of Uber’s acquisition strategy. Commentary also noted that strong operational growth has been offset by softer guidance, while the company’s year-to-date performance remains under pressure.
Uber Technologies Company Profile
Uber Technologies, Inc (NYSE: UBER) is a technology company that operates a global platform connecting consumers with independent drivers, delivery couriers, merchants and other service providers. Founded in 2009 and headquartered in San Francisco, Uber originally focused on app-based ride-hailing and has expanded into a broader range of mobility and delivery services.
Its Mobility segment offers rides through products such as UberX, Uber Black and other locally available options, as well as services including taxis, car rentals, scooters and bikes in select markets.
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