Rakuten Investment Management Inc. Acquires Shares of 72,679 Uber Technologies, Inc. $UBER

Rakuten Investment Management Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 72,679 shares of the ride-sharing company’s stock, valued at approximately $7,120,000.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Cornerstone Wealth Group LLC grew its stake in Uber Technologies by 2.1% during the 3rd quarter. Cornerstone Wealth Group LLC now owns 86,021 shares of the ride-sharing company’s stock worth $8,428,000 after buying an additional 1,755 shares during the last quarter. Samalin Investment Counsel LLC boosted its holdings in shares of Uber Technologies by 11.5% in the third quarter. Samalin Investment Counsel LLC now owns 3,360 shares of the ride-sharing company’s stock valued at $329,000 after acquiring an additional 347 shares during the period. Chicago Partners Investment Group LLC grew its position in shares of Uber Technologies by 33.0% during the third quarter. Chicago Partners Investment Group LLC now owns 8,938 shares of the ride-sharing company’s stock worth $853,000 after acquiring an additional 2,217 shares during the last quarter. Vest Financial LLC increased its holdings in shares of Uber Technologies by 23.8% in the 3rd quarter. Vest Financial LLC now owns 41,871 shares of the ride-sharing company’s stock valued at $4,102,000 after acquiring an additional 8,054 shares during the period. Finally, Joel Isaacson & Co. LLC raised its position in Uber Technologies by 81.5% in the 3rd quarter. Joel Isaacson & Co. LLC now owns 14,110 shares of the ride-sharing company’s stock valued at $1,382,000 after purchasing an additional 6,336 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on UBER shares. Citigroup reissued a “market perform” rating on shares of Uber Technologies in a research report on Wednesday, December 10th. The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Wedbush dropped their price target on Uber Technologies from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Friday, December 19th. Cantor Fitzgerald decreased their price objective on Uber Technologies from $108.00 to $99.00 and set an “overweight” rating for the company in a research report on Thursday, January 8th. Finally, Susquehanna reissued a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $107.97.

Uber Technologies Stock Performance

NYSE UBER opened at $82.48 on Friday. The stock has a market capitalization of $171.38 billion, a price-to-earnings ratio of 10.60 and a beta of 1.20. The business’s 50 day moving average is $84.84 and its two-hundred day moving average is $90.85. Uber Technologies, Inc. has a 12-month low of $60.63 and a 12-month high of $101.99. 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) last posted 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. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same period last year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies News Summary

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

• Positive Sentiment: Guzman y Gomez signed a multi-year deal making Uber Eats the exclusive delivery partner in Australia — a concrete revenue/market-share win for Eats in a large market that supports near-term delivery growth. Read More.
• Positive Sentiment: Guggenheim reiterated a Buy and set a $135 price target — the upbeat analyst note (large upside vs. current levels) can attract buyers and underpin sentiment. Read More.
• Positive Sentiment: TD Cowen maintained its Buy rating, citing sustained core strength and emerging growth drivers — another vote of confidence from the sell side that supports a buy‑the‑dip case. Read More.
• Positive Sentiment: Analysis suggesting a nationwide Kroger grocery rollout onto Uber apps boosts the bull case for incremental Eats/Delivery GMV and cross‑sell opportunities. Read More.
• Neutral Sentiment: Bloomberg Law reports the plaintiffs’ lawyer in a high‑profile sexual‑assault case is under scrutiny — this could reduce the odds or severity of an adverse outcome but remains uncertain. Read More.
• Neutral Sentiment: Uber CEO commentary urging investors to focus on substantive AI winners is guidance for sorting durable investments vs. hype — helpful but not an immediate catalyst. Read More.
• Negative Sentiment: Wedbush warns that advances from Waymo and Tesla increase long‑term autonomous vehicle risks to Uber’s ride‑hailing economics — heightens investor concern about technology disruption and multiple compression. Read More.
• Negative Sentiment: Men have filed suit over a women’s safety feature (Uber & Lyft) — new litigation adds legal/PR risk and potential costs or feature changes. Read More.
• Negative Sentiment: Insider selling: General Counsel Tony West sold 3,125 shares recently — a modest but visible insider sale that can be read negatively by short‑term traders. Read More.
• Negative Sentiment: Peer weakness (Grab) and coverage highlighting new low‑cost tele‑operated/rental rivals amplify sector‑wide valuation caution — adds to downward pressure on multiples. Read More.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the sale, the insider directly owned 176,584 shares in the company, valued at approximately $14,744,764. The trade was a 1.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 14,875 shares of company stock valued at $1,319,130. 3.84% of the stock is owned by corporate insiders.

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.