Bank Pictet & Cie Europe AG Acquires 48,104 Shares of Uber Technologies, Inc. $UBER

Bank Pictet & Cie Europe AG raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 376,746 shares of the ride-sharing company’s stock after purchasing an additional 48,104 shares during the period. Bank Pictet & Cie Europe AG’s holdings in Uber Technologies were worth $25,811,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of UBER. BIP Wealth LLC bought a new position in shares of Uber Technologies in the second quarter worth $1,033,000. Pacer Advisors Inc. raised its stake in shares of Uber Technologies by 23.7% during the 1st quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock valued at $370,641,000 after purchasing an additional 985,989 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Uber Technologies by 6.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after purchasing an additional 29,587 shares during the period. Weiss Asset Management LP lifted its holdings in Uber Technologies by 465.5% during the 1st quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock worth $4,497,000 after purchasing an additional 51,465 shares in the last quarter. Finally, Evercore Wealth Management LLC lifted its holdings in Uber Technologies by 6.3% during the 1st quarter. Evercore Wealth Management LLC now owns 1,156,032 shares of the ride-sharing company’s stock worth $83,153,000 after purchasing an additional 68,433 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: A London court dismissed two lawsuits seeking approximately £340 million ($453 million) from Uber over its private-hire vehicle licensing. The ruling removes a potentially significant financial liability and could improve investor sentiment. Uber Secures Dismissal of £340 Million London Taxi Lawsuits
• Positive Sentiment: Uber Advertising is expanding beyond its own applications through a partnership with TripleLift. The offsite product uses Uber’s first-party mobility and delivery data to target audiences across the open web, potentially creating a new, higher-margin revenue stream. Uber Launches Offsite Advertising Using Its First Party Data
• Positive Sentiment: Analysts continue to highlight Uber’s history of exceeding earnings estimates and say its current earnings indicators point to another potential quarterly beat. Uber’s latest reported quarter included adjusted earnings of $0.81 per share versus a $0.80 consensus estimate. Will Uber Beat Estimates Again in Its Next Earnings Report?
• Neutral Sentiment: Recent coverage emphasizes that Uber’s ride-hailing network is generating cash, but investors are assessing whether spending on autonomous vehicles and the proposed Delivery Hero acquisition can produce sufficient long-term returns.
• Negative Sentiment: Uber and Lyft drivers in California have formed a union, potentially increasing operating costs and reducing the flexibility associated with their independent-contractor model. Uber and Lyft Drivers in California Now Have a Gig Worker Rarity: A Union
• Negative Sentiment: Uber’s planned shift toward robotaxis, including reported corporate job cuts and increased investment, raises execution and valuation risks. Autonomous vehicles could ultimately weaken Uber’s control over transportation demand even as they offer long-term growth potential.

Uber Technologies Price Performance

NYSE:UBER traded down $1.20 during trading hours on Tuesday, hitting $68.76. 7,946,638 shares of the company’s stock traded hands, compared to its average volume of 18,873,723. Uber Technologies, Inc. has a 52 week low of $65.41 and a 52 week high of $100.35. The business’s fifty day simple moving average is $72.94 and its two-hundred day simple moving average is $72.90. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a market cap of $140.45 billion, a P/E ratio of 15.11, a P/E/G ratio of 6.01 and a beta of 1.27.

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 the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion for the quarter, compared to analysts’ expectations of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The company’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.60 EPS. Uber Technologies has set its Q3 2026 guidance at 0.840-0.880 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 3.20 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on UBER. Evercore reaffirmed an “outperform” rating and set a $150.00 target price on shares of Uber Technologies in a report on Wednesday, August 5th. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday, October 12th. Bank of America cut their price objective on shares of Uber Technologies from $104.00 to $103.00 and set a “buy” rating for the company in a research report on Tuesday, July 28th. Wedbush restated an “outperform” rating and issued a $91.00 price objective on shares of Uber Technologies in a research report on Tuesday, September 8th. Finally, Susquehanna reduced their price objective on shares of Uber Technologies from $110.00 to $90.00 and set a “positive” rating for the company in a research note on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $103.11.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi acquired 141,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The shares were bought at an average cost 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 trade represents a 11.50% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Andrew Macdonald bought 70,000 shares of the stock in a transaction that occurred on Friday, September 4th. The stock was bought at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the completion of the purchase, the insider directly owned 426,320 shares of the company’s stock, valued at $32,327,845.60. This represents a 19.65% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is owned by insiders.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.