Wealth Enhancement Advisory Services LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,280 shares of the ride-sharing company’s stock after acquiring an additional 71,317 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Uber Technologies were worth $30,834,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of UBER. Brant Point Investment Management LLC acquired a new position in Uber Technologies in the 2nd quarter worth about $933,000. Econ Financial Services Corp acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $1,538,000. Spirepoint Private Client LLC boosted its holdings in Uber Technologies by 21.9% in the third quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock worth $7,331,000 after purchasing an additional 13,454 shares in the last quarter. Munro Partners acquired a new position in Uber Technologies during the second quarter worth $96,294,000. Finally, Prudential PLC raised its holdings in Uber Technologies by 15.7% during the second quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock valued at $20,233,000 after buying an additional 29,359 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Key Stories Impacting Uber Technologies
Here are the key news stories impacting Uber Technologies this week:
- Positive Sentiment: BofA reaffirmed a Buy on UBER and a $119 price target, calling Uber a key player in autonomous vehicle (AV) commercialization — a near- to long-term catalyst for revenue leverage if AV adoption scales. BofA Analysts Highlight Uber’s (UBER) Autonomous Vehicle Potential
- Positive Sentiment: ARK Investment (Cathie Wood) paints a massive $10 trillion addressable market for autonomous ride‑hailing — a bullish narrative that supports premium multiple expansion for leading platform players like Uber if it captures scale in robotaxi services. A $10 Trillion Opportunity: Why This Unstoppable Stock Could Be a Better Buy Than Tesla Ahead of the Autonomous Driving Revolution
- Positive Sentiment: Bill Ackman’s Pershing Square holds a large stake including Uber, signaling institutional conviction and potential support from an activist/large holder mindset. That ownership can reduce downside and attract other long-term investors. Hedge Fund Manager Bill Ackman Holds 56% of Portfolio in Alphabet, Brookfield, and Uber
- Neutral Sentiment: Uber’s CEO urged investors to differentiate real AI winners from companies merely “play‑acting” with AI — guidance that may temper hype and encourage focus on profitability/real use cases (neutral for price until concrete AI-driven revenue shows). Uber’s CEO has this advice for investors trying to find the real AI winners
- Negative Sentiment: Market headlines show UBER underperforming peers and recording an intraday decline, reflecting investor caution and profit taking after recent gains. Uber Technologies Inc. stock underperforms Tuesday when compared to competitors
- Negative Sentiment: Analysts and commentary cite “robotaxi fears” as a driver of recent share weakness (UBER down ~9% over three months per coverage) — concern that AVs could compress ride margins or change unit economics before Uber captures scale. UBER Stock Price Decreases 9% in 3 Months: Should You Buy the Dip?
- Negative Sentiment: Competitive pressure: Grab’s regional strength and a new rental/tele‑operated startup claiming significantly lower ride costs create nearer‑term pricing and market‑share risks in certain markets. Those developments increase the competitive uncertainty for Uber’s mobility margin recovery. This Rental Startup Co-founded By Former Zoox Employee Is Embracing Tele-Operated Cars, Promising 50% Cheaper Costs Than Uber Is This Uber Rival Now Undervalued? Stock Continues To Sink Despite Strong Revenue, User Growth: Value Score Spikes
Insider Transactions at Uber Technologies
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on UBER shares. Cantor Fitzgerald lowered their price objective on Uber Technologies from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Morgan Stanley decreased their price objective on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Truist Financial upped their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, January 7th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $107.05.
View Our Latest Stock Report on Uber Technologies
Uber Technologies Stock Up 0.8%
NYSE UBER opened at $84.37 on Wednesday. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99. The company has a market capitalization of $175.30 billion, a price-to-earnings ratio of 10.84 and a beta of 1.20. The stock’s 50 day moving average is $85.21 and its two-hundred day moving average is $90.95. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.
Uber Technologies Profile
Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.
Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.
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