Uber Technologies, Inc. $UBER Stock Sold by Parallel Advisors LLC

Parallel Advisors LLC trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,748 shares of the ride-sharing company’s stock after selling 7,349 shares during the quarter. Parallel Advisors LLC’s holdings in Uber Technologies were worth $16,631,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Guidance Capital Inc. lifted its stake in shares of Uber Technologies by 2.3% during the 3rd quarter. Guidance Capital Inc. now owns 16,387 shares of the ride-sharing company’s stock valued at $1,093,000 after buying an additional 376 shares in the last quarter. International Assets Investment Management LLC increased its stake in Uber Technologies by 279.5% in the 3rd quarter. International Assets Investment Management LLC now owns 40,000 shares of the ride-sharing company’s stock worth $2,740,000 after buying an additional 29,460 shares in the last quarter. Kestra Private Wealth Services LLC increased its stake in Uber Technologies by 4.8% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 182,404 shares of the ride-sharing company’s stock worth $12,496,000 after buying an additional 8,392 shares in the last quarter. Bfsg LLC increased its stake in Uber Technologies by 1.2% in the 3rd quarter. Bfsg LLC now owns 37,923 shares of the ride-sharing company’s stock worth $2,598,000 after buying an additional 461 shares in the last quarter. Finally, SFI Advisors LLC bought a new stake in Uber Technologies during the third quarter valued at about $610,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on UBER shares. Rothschild & Co Redburn boosted their price objective on Uber Technologies from $112.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, September 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $100.00 price objective (down from $110.00) on shares of Uber Technologies in a research note on Thursday, August 13th. DA Davidson cut their target price on Uber Technologies from $107.00 to $100.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research note on Monday, July 20th. Finally, Gordon Haskett boosted their price target on Uber Technologies from $113.00 to $118.00 in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating, forty-four have issued a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $101.82.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Amazon is adding Uber Eats restaurant delivery to its U.S. Prime experience, including $0 delivery fees on qualifying orders of $25 or more. The partnership could expand Uber Eats’ reach and order volume. Amazon adds Uber food delivery perks for Prime subscribers
• Positive Sentiment: Uber reported Q3 revenue of $14.77 billion, gross bookings growth of 20%, and strong free cash flow. Adjusted earnings also edged past estimates, supporting the view that the underlying business is still growing. Uber: 3 key takeaways for long-term investors
• Neutral Sentiment: Analyst views remain divided. Wedbush reiterated Outperform and Guggenheim maintained Buy, while several firms lowered price targets; Canaccord’s $70 target and Hold rating are close to the share price. Wedbush reaffirms Outperform
• Negative Sentiment: Some analysts cut targets after the results, including Barclays ($106 to $100), KeyCorp ($105 to $95), and Canaccord ($72 to $70). These revisions may reinforce concerns about valuation and near-term upside. Analyst price-target updates
• Negative Sentiment: Uber’s CEO cited driver shortages and higher fuel costs in some international markets, which could raise incentives and constrain Mobility growth. The sharp year-over-year drop in GAAP net income has also drawn attention, despite stronger operating metrics. Uber CEO reveals a driver-supply problem
• Negative Sentiment: Commentary questioning whether expectations for future robotaxis are already reflected in Uber’s valuation adds another source of investor caution. Uber: The market is pricing tomorrow’s robotaxis into today’s earnings

Uber Technologies Price Performance

UBER stock traded down $0.15 during mid-day trading on Friday, hitting $68.63. The company had a trading volume of 18,272,398 shares, compared to its average volume of 16,264,552. The company has a market capitalization of $140.18 billion, a price-to-earnings ratio of 40.61, a P/E/G ratio of 6.38 and a beta of 1.33. Uber Technologies, Inc. has a 12-month low of $64.04 and a 12-month high of $95.18. 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 company has a 50-day moving average price of $70.14 and a 200 day moving average price of $73.03.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, November 4th. The ride-sharing company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The firm had revenue of $14.77 billion during the quarter, compared to analyst estimates of $14.66 billion. During the same quarter last year, the business posted $3.11 earnings per share. The business’s quarterly revenue was up 9.6% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 3.14 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Andrew Macdonald acquired 70,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The shares were acquired at an average cost of $75.83 per share, with a total value of $5,308,100.00. Following the acquisition, the insider directly owned 426,320 shares of the company’s stock, valued at approximately $32,327,845.60. The trade was a 19.65% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 28,170 shares of the 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 transaction, the insider owned 149,525 shares of the company’s stock, valued at $10,662,627.75. This represents a 15.85% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 3.81% of the stock is currently owned by company insiders.

Uber Technologies Profile

Uber Technologies, Inc operates a technology platform that connects people seeking transportation and delivery services with drivers, couriers, merchants and other providers. Its offerings include rides through the Uber app and food and grocery delivery through Uber Eats.

The company also provides logistics services through Uber Freight, which connects shippers with carriers and offers tools for managing freight transportation. Uber’s platform serves users and businesses across markets in North America, Latin America, Europe, the Middle East, Africa and Asia-Pacific.

Founded in San Francisco in 2009 as UberCab, the company expanded from ride-hailing into delivery and freight.