DAVENPORT & Co LLC Decreases Position in Uber Technologies, Inc. $UBER

DAVENPORT & Co LLC cut its holdings in Uber Technologies, Inc. (NYSE:UBER) by 1.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,423,923 shares of the ride-sharing company’s stock after selling 18,775 shares during the period. DAVENPORT & Co LLC owned approximately 0.07% of Uber Technologies worth $116,481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brant Point Investment Management LLC bought a new stake in shares of Uber Technologies in the second quarter worth about $933,000. Spirepoint Private Client LLC raised its position in Uber Technologies by 21.9% during the 3rd quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock valued at $7,331,000 after purchasing an additional 13,454 shares during the last quarter. Econ Financial Services Corp bought a new position in Uber Technologies during the 3rd quarter valued at approximately $1,538,000. Transcendent Capital Group LLC purchased a new stake in Uber Technologies in the 3rd quarter worth approximately $1,859,000. Finally, Munro Partners bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $96,294,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $72.29 on Wednesday. The company has a 50 day simple moving average of $76.31 and a two-hundred day simple moving average of $85.57. Uber Technologies, Inc. has a fifty-two week low of $60.63 and a fifty-two week high of $101.99. The company has a market capitalization of $148.77 billion, a price-to-earnings ratio of 15.35, a P/E/G ratio of 6.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.14 and a current ratio of 1.14.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, February 4th. The ride-sharing company reported $0.71 EPS 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 during the quarter, compared to the consensus estimate of $14.32 billion. During the same period in the prior year, the firm earned $3.21 earnings per share. The business’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. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Roth Mkm set a $105.00 target price on Uber Technologies in a research note on Thursday, February 5th. The Goldman Sachs Group set a $125.00 price objective on Uber Technologies in a research report on Wednesday, February 4th. Citigroup reiterated a “buy” rating on shares of Uber Technologies in a report on Tuesday, March 17th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research report on Tuesday, February 3rd. Finally, Guggenheim lowered their target price on Uber Technologies from $135.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirty-two have given a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $105.29.

Insiders Place Their Bets

In other news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the transaction, the insider directly owned 176,584 shares in the company, valued at $14,744,764. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Balaji (A) Krishnamurthy purchased 22,453 shares of the stock in a transaction dated Tuesday, February 24th. The stock was bought at an average cost of $71.25 per share, with a total value of $1,599,776.25. Following the transaction, the chief financial officer owned 28,742 shares in the company, valued at $2,047,867.50. The trade was a 357.02% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 3.70% of the company’s stock.

Trending Headlines about Uber Technologies

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

• Positive Sentiment: Major robotaxi partnership with Rivian — Uber’s deal to deploy Rivian R2 vehicles and invest in the program supports its autonomous/robotaxi strategy and revenue diversification, which could be a multi-year growth catalyst. Exclusive: Rivian CEO on how its Uber deal came together, and why the AI ‘driver’ is the future of mobility
• Positive Sentiment: Rivian coverage and market reaction — follow‑on stories highlight Uber’s plan to turn Rivian’s R2 into a large robotaxi fleet, reinforcing investor excitement about capital-light vehicle access and scale in mobility. (Supports long-term TAM expansion.) Uber Wants to Turn Rivian’s R2 Into America’s Next Big Robotaxi
• Positive Sentiment: Citi research names Uber a likely leader in autonomous ride‑sharing by 2029 — third‑party research backing Uber’s AV platform leadership lends credibility to the company’s capital allocation into autonomy and can support higher medium‑term multiples. Uber leads rivals in race for global autonomous ride-sharing dominance by 2029 – Citi Research
• Positive Sentiment: Acquisition move in chauffeur segment — reports that Uber is close to buying German startup Blacklane would expand premium ground transport and international footprint, adding a higher‑margin vertical. Uber Nears Blacklane Acquisition at Upper Three-Digit Million Valuation
• Neutral Sentiment: Platform expansion thesis — coverage notes Uber’s push beyond ride‑hailing into local commerce and deliveries, reinforcing the “super app” narrative but requiring execution to move the needle on margins. Uber Is Quietly Expanding Into a Multitrillion-Dollar Market
• Neutral Sentiment: Corporate footprint shift — Uber is expanding its New York office after CEO Dara Khosrowshahi’s move to the city, a sign of geographic focus but not a near-term revenue driver. Uber expands New York office after its CEO’s move
• Neutral Sentiment: CEO commentary on AI — Dara Khosrowshahi’s outspoken remarks about AI and industry peers are headline‑grabbing but mainly reputational; they don’t materially change fundamentals. Uber’s CEO says other executives are lying about AI
• Neutral Sentiment: Political spending — reporting shows Uber backing multiple California gubernatorial candidates; this can affect regulatory outcomes but is politically mixed and increases short‑term uncertainty. Uber bets on three competing candidates for California governor
• Negative Sentiment: Insider compensation and sales — filings show sizable 2025 CEO pay and notable insider share sales, which may concern some investors about near‑term conviction from insiders. Uber Technologies, Inc ($UBER) CEO & Director 2025 Pay Revealed

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.