Clearstead Advisors LLC Decreases Stock Position in Uber Technologies, Inc. $UBER

Clearstead Advisors LLC trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 239,458 shares of the ride-sharing company’s stock after selling 12,239 shares during the quarter. Clearstead Advisors LLC’s holdings in Uber Technologies were worth $23,460,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Westend Capital Management LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth about $27,000. Kilter Group LLC purchased a new stake in Uber Technologies in the 2nd quarter worth about $26,000. Total Investment Management Inc. bought a new stake in Uber Technologies in the second quarter worth about $32,000. Pilgrim Partners Asia Pte Ltd purchased a new position in shares of Uber Technologies during the third quarter valued at approximately $34,000. Finally, True Wealth Design LLC grew its stake in shares of Uber Technologies by 38.6% during the third quarter. True Wealth Design LLC now owns 424 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 118 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 1.1%

Shares of NYSE UBER opened at $73.76 on Monday. Uber Technologies, Inc. has a 12-month low of $60.63 and a 12-month high of $101.99. The stock’s fifty day simple moving average is $79.79 and its two-hundred day simple moving average is $88.50. The stock has a market capitalization of $151.80 billion, a PE ratio of 15.66, a price-to-earnings-growth ratio of 6.77 and a beta of 1.21. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.38.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, February 4th. The ride-sharing company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.08). Uber Technologies had a return on equity of 43.63% and a net margin of 19.33%.The company had revenue of $14.37 billion for the quarter, compared to analysts’ expectations of $14.32 billion. During the same quarter last year, the company earned $3.21 earnings per share. The company’s revenue for the quarter was up 20.1% compared to the same quarter last year. Uber Technologies has set its Q1 2026 guidance at 0.650-0.720 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the transaction, the insider owned 176,584 shares of the company’s stock, valued at $14,744,764. The trade was a 1.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Arete Research set a $125.00 price target on Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. BNP Paribas Exane assumed coverage on Uber Technologies in a research report on Wednesday, January 14th. They set an “outperform” rating and a $108.00 target price for the company. Citizens Jmp upgraded shares of Uber Technologies from a “market perform” rating to an “outperform” rating and set a $100.00 price target on the stock in a report on Wednesday, February 4th. Citigroup decreased their price objective on shares of Uber Technologies from $120.00 to $110.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Cantor Fitzgerald lowered their price objective on shares of Uber Technologies from $99.00 to $92.00 and set an “overweight” rating for the company in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.61.

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.