JCIC Asset Management Inc. Sells 62,299 Shares of Uber Technologies, Inc. $UBER

JCIC Asset Management Inc. cut its position in Uber Technologies, Inc. (NYSE:UBER) by 98.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,075 shares of the ride-sharing company’s stock after selling 62,299 shares during the period. JCIC Asset Management Inc.’s holdings in Uber Technologies were worth $74,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBER. Public Investment Fund purchased a new stake in shares of Uber Technologies during the second quarter valued at approximately $5,256,173,439. Legal & General Group Plc bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $943,167,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $752,151,000. Baird Financial Group Inc. raised its holdings in Uber Technologies by 64.4% in the 2nd quarter. Baird Financial Group Inc. now owns 9,099,343 shares of the ride-sharing company’s stock worth $656,609,000 after acquiring an additional 3,564,073 shares during the last quarter. Finally, Fundsmith LLP purchased a new position in Uber Technologies in the 2nd quarter worth approximately $645,338,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UBER shares. Roth Capital lowered their price objective on Uber Technologies from $105.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Barclays cut their target price on Uber Technologies from $107.00 to $106.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Thursday. KeyCorp decreased their price target on Uber Technologies from $110.00 to $105.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th. Finally, Rosenblatt Securities assumed coverage on Uber Technologies in a report on Tuesday, September 1st. They set a “buy” rating and a $100.00 price target on the stock. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $102.86.

Uber Technologies Stock Up 5.0%

UBER opened at $69.95 on Thursday. 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 50 day moving average price of $70.50 and a 200-day moving average price of $73.18. Uber Technologies, Inc. has a twelve month low of $64.04 and a twelve month high of $95.44. The stock has a market capitalization of $142.89 billion, a price-to-earnings ratio of 15.37, a PEG ratio of 6.37 and a beta of 1.33.

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 net margin of 17.34% and a return on equity of 43.36%. The company had revenue of $14.77 billion for the quarter, compared to the consensus estimate of $14.66 billion. During the same quarter in the prior year, the firm earned $3.11 earnings per share. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. Equities research analysts forecast that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 28,170 shares of the stock in a transaction on 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 transaction, the insider directly owned 149,525 shares of the company’s stock, valued at $10,662,627.75. This represents a 15.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi purchased 141,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was purchased at an average price of $70.96 per share, for a total transaction of $10,005,360.00. Following the completion of the purchase, the chief executive officer owned 1,367,100 shares in the company, valued at approximately $97,009,416. The trade was a 11.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by insiders.

More Uber Technologies News

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

• Positive Sentiment: Third-quarter gross bookings rose 20% to about $59.8 billion, and adjusted EPS increased 35% to $0.88, slightly above estimates. Revenue of $14.77 billion also topped expectations. Uber Q3 results and headwinds
• Positive Sentiment: Delivery strength and plans to expand Uber’s driverless fleet—targeting more than 2,000 vehicles by 2027—offer potential growth beyond core ride-hailing. Uber delivery and robotaxi plans
• Neutral Sentiment: The 92% decline in GAAP net income to $512 million largely reflects unusual prior-year tax and investment benefits, plus a current-quarter investment loss; adjusted operating measures improved. Uber financial results
• Negative Sentiment: Uber’s fourth-quarter adjusted EPS outlook of $0.95–$0.99 fell short of the roughly $1.06 consensus. Management cited driver shortages, higher fuel costs and geopolitical pressures; added driver incentives could weigh on margins. Uber profit forecast and headwinds
• Negative Sentiment: Mobility bookings and trips missed expectations amid supply constraints, and Waymo plans to end its exclusive Uber robotaxi partnership in Austin and Atlanta by January 2028, creating a longer-term competitive risk in those markets. Waymo partnership split

Uber Technologies 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.