Forefront Wealth Management Inc. Acquires Shares of 11,656 Uber Technologies, Inc. $UBER

Forefront Wealth Management Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 11,656 shares of the ride-sharing company’s stock, valued at approximately $1,142,000.

A number of other large investors also recently made changes to their positions in the company. Kilter Group LLC bought a new position in shares of Uber Technologies during the 2nd quarter worth approximately $26,000. Westend Capital Management LLC bought a new stake in Uber Technologies during the third quarter worth $27,000. West Oak Capital LLC purchased a new position in Uber Technologies in the second quarter worth $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the 2nd quarter valued at $30,000. Finally, Total Investment Management Inc. bought a new position in Uber Technologies in the 2nd quarter valued at $32,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

Shares of UBER opened at $84.90 on Friday. Uber Technologies, Inc. has a 52-week low of $60.63 and a 52-week high of $101.99. The stock’s 50-day simple moving average is $85.59 and its 200 day simple moving average is $91.10. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $176.41 billion, a price-to-earnings ratio of 10.91 and a beta of 1.20.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share 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 firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same period in the prior year, the business posted $1.20 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the transaction, the insider owned 175,423 shares in the company, valued at approximately $14,096,992.28. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 14,875 shares of company stock valued at $1,348,818. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on UBER shares. UBS Group set a $122.00 price target on shares of Uber Technologies and gave the company a “buy” rating in a research report on Wednesday, November 5th. Susquehanna reissued a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a report on Wednesday, November 5th. TD Cowen upped their price objective on Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Wells Fargo & Company raised their target price on Uber Technologies from $120.00 to $122.00 and gave the stock an “overweight” rating in a research report on Thursday, January 8th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, eight have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $107.18.

Key Stories Impacting Uber Technologies

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

• Positive Sentiment: BNP Paribas/Exane initiated coverage and upgraded Uber to a strong‑buy / began coverage — institutional attention and a bullish research view can drive demand and support the stock. TickerReport Coverage
• Positive Sentiment: Kroger partnership: nearly 2,700 Kroger stores are now available on Uber Eats, Uber and Postmates — expands grocery delivery footprint, ups take rates and order density for delivery economics. PR Newswire: Kroger Launch
• Positive Sentiment: Analyst support continues: BTIG reaffirmed a Buy with a $100 price target and other firms (Mizuho, others) remain bullish — helps near‑term sentiment and can sustain buying interest. Benzinga Analyst Note
• Neutral Sentiment: Coverage pieces and bullish writeups (Zacks, Motley Fool, Seeking Alpha) pitch Uber as a growth/value opportunity given recent selloffs and emerging tech tailwinds — these amplify the bull case but don’t add new operational data. Zacks Growth Score
• Neutral Sentiment: Strategic wins abroad: reporting on Uber’s Japan push (NYT feature) highlights long‑term TAM expansion but benefits will accrue gradually and depend on local execution. NYT: Japan Strategy
• Negative Sentiment: Labor/reputation/legal pressure: NYC alleges DoorDash/Uber shorted drivers on ~$550M in tips — potential for fines, tighter regulation and PR damage that can increase operating costs and complicate driver relations. Bloomberg Law: Tip Allegation
• Negative Sentiment: Criticism of ballot initiative: LA Times op‑ed accuses Uber of pushing a consumer‑facing ballot measure that mainly protects company economics — could complicate public perception and local regulatory fights. LA Times Opinion

About Uber Technologies

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.