Uber Technologies (NYSE:UBER) Shares Climb 2.9% – Time to Buy?

Shares of Uber Technologies, Inc. (NYSE:UBER) traded up 2.9% during trading on Thursday. The company traded as high as $71.44 and last traded at $71.2720. Approximately 14,348,095 shares traded hands during trading, a decline of 24% from the average daily volume of 18,977,725 shares. The stock had previously closed at $69.29.

Key Uber Technologies News

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

• Positive Sentiment: Uber has begun a self-driving robotaxi trial in Manchester, offering a potential long-term growth opportunity and evidence that its autonomous-vehicle strategy is advancing. Uber begins self-driving robotaxi trial in Manchester
• Positive Sentiment: One Wall Street analyst reportedly believes Uber could roughly double within a year, despite the stock’s decline from its 52-week high. The bullish view highlights the company’s scale and potential upside if robotaxi concerns ease. Uber analyst bullish outlook
• Positive Sentiment: Recent comparisons portray Uber as more profitable and consistent than Coupang, with stronger absolute revenue growth and a substantially higher net margin. Other analysis also argues that Uber’s earnings valuation looks relatively inexpensive versus peers. Coupang versus Uber revenue growth
• Positive Sentiment: Uber Freight is prioritizing revenue growth and investment, while a former Tesla executive is leading efforts to improve the business. This could create longer-term optionality, although near-term profitability is being deferred. Uber Freight growth and investment plans
• Neutral Sentiment: Uber settled a sexual-assault lawsuit before trial. Avoiding a trial may limit immediate legal costs and publicity, but the case continues to test the company’s safety reputation and could keep regulatory and litigation risks in focus. Uber settles sexual assault lawsuit
• Neutral Sentiment: Uber won permission to pursue a racketeering case against a Philadelphia lawyer, a legal development that could potentially recover damages but is unlikely to materially affect near-term earnings. Uber Philadelphia racketeering case
• Negative Sentiment: Lyft is launching Alcove, a business-focused chauffeur brand, intensifying competition for higher-value corporate travel customers. Lyft launches Alcove business travel brand
• Negative Sentiment: Uber’s robotaxi expansion leader is departing, potentially raising execution concerns as autonomous driving becomes increasingly central to the investment story. Uber robotaxi leader departure
• Negative Sentiment: A study showing that driver pay varies significantly and can fall below minimum wage in some cities could increase pressure for higher compensation, potentially weighing on Uber’s margins and reinforcing safety and labor concerns. Uber driver pay study

Analyst Ratings Changes

Several equities analysts have recently weighed in on UBER shares. UBS Group reissued a “buy” rating on shares of Uber Technologies in a research report on Tuesday, September 8th. The Goldman Sachs Group set a $100.00 target price on shares of Uber Technologies in a report on Monday, June 29th. Susquehanna reduced their target price on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating for the company in a report on Thursday, August 6th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Uber Technologies in a research note on Wednesday, September 30th. Finally, Wedbush reissued an “outperform” rating and issued a $91.00 price target on shares of Uber Technologies in a report on Tuesday, September 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $103.11.

Uber Technologies Trading Up 2.9%

The firm has a market capitalization of $145.58 billion, a P/E ratio of 15.66, a price-to-earnings-growth ratio of 6.09 and a beta of 1.27. The business’s 50-day moving average is $73.18 and its 200 day moving average is $72.90. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.01. The company had revenue of $14.19 billion during the quarter, compared to the consensus estimate of $14.24 billion. Uber Technologies had a net margin of 17.34% and a return on equity of 43.36%. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.60 earnings per share. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. As a group, analysts anticipate that Uber Technologies, Inc. will post 3.20 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi acquired 141,000 shares of Uber Technologies stock in a transaction that occurred on Thursday, September 10th. The shares were acquired at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $71.31, for a total transaction of $2,008,802.70. Following the completion of the transaction, the insider directly owned 149,525 shares of the company’s stock, valued at $10,662,627.75. This trade represents a 15.85% decrease in their position. The SEC filing for this sale provides additional information. 3.81% of the stock is currently owned by insiders.

Institutional Trading of Uber Technologies

Hedge funds have recently added to or reduced their stakes in the stock. Jacobs & Co. CA grew its holdings in shares of Uber Technologies by 0.4% in the third quarter. Jacobs & Co. CA now owns 150,963 shares of the ride-sharing company’s stock valued at $10,342,000 after acquiring an additional 650 shares in the last quarter. ANB Bank increased its position in shares of Uber Technologies by 5.2% during the third quarter. ANB Bank now owns 7,626 shares of the ride-sharing company’s stock valued at $522,000 after acquiring an additional 379 shares during the last quarter. Schaper Benz & Wise Investment Counsel Inc. WI increased its position in shares of Uber Technologies by 0.6% during the third quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 232,191 shares of the ride-sharing company’s stock valued at $15,907,000 after acquiring an additional 1,273 shares during the last quarter. Argus Investors Counsel Inc. lifted its holdings in Uber Technologies by 2.9% during the third quarter. Argus Investors Counsel Inc. now owns 13,742 shares of the ride-sharing company’s stock worth $941,000 after acquiring an additional 392 shares during the period. Finally, Atlas Brown Inc. lifted its holdings in Uber Technologies by 37.4% during the third quarter. Atlas Brown Inc. now owns 10,120 shares of the ride-sharing company’s stock worth $693,000 after acquiring an additional 2,757 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

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.