Philadelphia Trust Co. Buys 22,409 Shares of Uber Technologies, Inc. $UBER

Philadelphia Trust Co. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 259,621 shares of the ride-sharing company's stock after purchasing an additional 22,409 shares during the period. Uber Technologies comprises about 1.9% of Philadelphia Trust Co.'s investment portfolio, making the stock its 16th biggest position. Philadelphia Trust Co.'s holdings in Uber Technologies were worth $24,223,000 as of its most recent filing with the SEC.

• Uber Gets a Street-High Upgrade as Robotaxis Roll Out in Dallas

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Nova Wealth Management Inc. lifted its position in shares of Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock valued at $31,000 after buying an additional 125 shares in the last quarter. Atticus Wealth Management LLC lifted its holdings in Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 127 shares in the last quarter. Sound View Wealth Advisors Group LLC lifted its holdings in Uber Technologies by 4.4% during the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company's stock valued at $285,000 after purchasing an additional 129 shares in the last quarter. Clearstead Trust LLC boosted its position in shares of Uber Technologies by 0.5% in the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company's stock worth $2,424,000 after purchasing an additional 130 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its stake in shares of Uber Technologies by 0.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company's stock worth $1,762,000 after purchasing an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UBER. Barclays lowered their target price on shares of Uber Technologies from $110.00 to $107.00 and set an "overweight" rating on the stock in a research note on Wednesday, November 5th. Wedbush lowered their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Cantor Fitzgerald upped their price objective on Uber Technologies from $107.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 5th. Weiss Ratings reiterated a "buy (b)" rating on shares of Uber Technologies in a research report on Monday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $108.00 price target on shares of Uber Technologies in a report on Wednesday, October 29th. Three equities research analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $109.19.

• From Science Project to Solvent: WeRide’s 761% Revenue Surge

Read Our Latest Analysis on Uber Technologies

Uber Technologies Stock Performance

NYSE:UBER opened at $90.61 on Thursday. The company has a market cap of $188.28 billion, a price-to-earnings ratio of 11.65 and a beta of 1.19. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The stock's 50 day simple moving average is $93.07 and its two-hundred day simple moving average is $91.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15.

• MarketBeat Week in Review – 11/03 - 11/07

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the prior year, the company earned $1.20 EPS. The company's quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The sale was disclosed in a 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 stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company's stock, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 567,625 shares of company stock valued at $55,385,660 in the last three months. Corporate insiders own 3.84% of the company's stock.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.

Featured Articles

• Five stocks we like better than Uber Technologies
• Ride Out The Recession With These Dividend Kings
• MongoDB Just Posted a Blowout Quarter—But Is It Too Hot to Touch?
• What is a support level?
• 3 Stocks Poised to Benefit From Google’s AI Breakthough
• Dividend Payout Ratio Calculator
• Beyond NVIDIA: 5 Semiconductor Stocks Set to Dominate 2026

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Uber Technologies Right Now?

Before you consider Uber Technologies, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Uber Technologies wasn't on the list.

While Uber Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here