Uber Technologies (NYSE:UBER) Stock Price Down 1.6% After Analyst Downgrade

Uber Technologies, Inc. (NYSE:UBER)’s share price traded down 1.6% during trading on Thursday after Rosenblatt Securities lowered their price target on the stock from $100.00 to $95.00. Rosenblatt Securities currently has a buy rating on the stock. Uber Technologies traded as low as $67.73 and last traded at $68.7770. 29,999,110 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 19,023,287 shares. The stock had previously closed at $69.87.

Several other brokerages have also weighed in on UBER. Weiss Ratings lowered Uber Technologies from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Roth Capital cut their target price on Uber Technologies from $105.00 to $100.00 and set a “buy” rating for the company in a research note on Monday, August 10th. BNP Paribas Exane reduced their target price on Uber Technologies from $108.00 to $106.00 and set an “outperform” rating for the company in a research report on Thursday, August 6th. Rothschild & Co Redburn lifted their price target on shares of Uber Technologies from $112.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, September 8th. Finally, Jefferies Financial Group lifted their price target on shares of Uber Technologies from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. One investment analyst has rated the stock with a Strong Buy rating, forty-four have issued a Buy rating, six have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.82.

Insider Buying and Selling at Uber Technologies

In related news, insider Andrew Macdonald acquired 70,000 shares of the stock in a transaction dated Friday, September 4th. The shares were bought at an average cost of $75.83 per share, for a total transaction of $5,308,100.00. Following the purchase, the insider owned 426,320 shares in the company, valued at approximately $32,327,845.60. This trade represents a 19.65% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Dara Khosrowshahi bought 141,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was bought at an average cost of $70.96 per share, with a total value of $10,005,360.00. Following the completion of the acquisition, the chief executive officer owned 1,367,100 shares in the company, valued at $97,009,416. This represents a 11.50% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 3.81% of the company’s stock.

Uber Technologies News Summary

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

• Positive Sentiment: Amazon partnership expands Uber Eats’ reach: Amazon Prime members in the U.S. can order qualifying restaurant meals through Amazon with no delivery fee, potentially bringing Uber Eats more customers and orders. Amazon ditches Grubhub, taps Uber Eats for Prime
• Positive Sentiment: Underlying growth remains strong: Gross bookings rose 20% for a fifth consecutive quarter. Adjusted EPS of $0.88 and non-GAAP operating income growth of 38% topped estimates; analysts largely maintained positive ratings, despite some price-target reductions. Uber’s Profit Drop: A Speed Bump or Structural Shift?
• Neutral Sentiment: GAAP profit decline may overstate operating weakness: Net income fell 92%, but the comparison was distorted by substantial tax and equity benefits in the year-earlier quarter and a current-quarter investment loss. Uber’s Profit Drop: A Speed Bump or Structural Shift?
• Negative Sentiment: Mobility constraints and costs weigh on expectations: High fuel prices and driver shortages, particularly in international markets, hurt Mobility performance and prompted higher driver incentives. Q4 adjusted EPS guidance of $0.95–$0.99 came in below the roughly $1.06 analyst consensus. Uber Q3 Mobility Miss On High Fuel Prices; Delivery, AV Momentum Intact
• Negative Sentiment: Some analyst targets were cut, including Rosenblatt’s $100-to-$95 and Canaccord’s $72-to-$70 revisions, reflecting caution even as ratings remained Buy and Hold, respectively.
• Negative Sentiment: Robotaxi partnership risk: Waymo plans to end its exclusive Uber arrangement in Austin and Atlanta in January 2028, creating a longer-term competitive concern in those markets. Waymo confirms it will split with Uber in January 2028

Institutional Trading of Uber Technologies

A number of large investors have recently bought and sold shares of UBER. BIP Wealth LLC bought a new position in Uber Technologies during the second quarter worth about $1,033,000. Pacer Advisors Inc. increased its position in Uber Technologies by 23.7% during the first quarter. Pacer Advisors Inc. now owns 5,152,795 shares of the ride-sharing company’s stock worth $370,641,000 after buying an additional 985,989 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in Uber Technologies by 6.1% in the first quarter. PNC Financial Services Group Inc. now owns 514,735 shares of the ride-sharing company’s stock valued at $37,025,000 after buying an additional 29,587 shares during the period. Weiss Asset Management LP raised its stake in Uber Technologies by 465.5% in the first quarter. Weiss Asset Management LP now owns 62,520 shares of the ride-sharing company’s stock valued at $4,497,000 after buying an additional 51,465 shares during the period. Finally, Evercore Wealth Management LLC raised its stake in Uber Technologies by 6.3% in the first quarter. Evercore Wealth Management LLC now owns 1,156,032 shares of the ride-sharing company’s stock valued at $83,153,000 after buying an additional 68,433 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

The company has a market capitalization of $140.48 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 6.37 and a beta of 1.33. The stock has a 50-day moving average price of $70.50 and a 200-day moving average price of $73.18. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.84 and a quick ratio of 0.84.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, November 4th. The ride-sharing company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.86 by $0.02. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The company had revenue of $14.77 billion during the quarter, compared to the consensus estimate of $14.66 billion. During the same period in the previous year, the company posted $3.11 EPS. The firm’s revenue for the quarter was up 9.6% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies, Inc. will post 3.20 earnings per share for the current year.

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.