D.A. Davidson & CO. Cuts Position in Uber Technologies, Inc. (NYSE:UBER)

D.A. Davidson & CO. trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,123 shares of the ride-sharing company’s stock after selling 1,194 shares during the period. D.A. Davidson & CO.’s holdings in Uber Technologies were worth $4,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. The Manufacturers Life Insurance Company grew its stake in shares of Uber Technologies by 0.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 1,306,068 shares of the ride-sharing company’s stock worth $98,168,000 after buying an additional 11,190 shares in the last quarter. Qsemble Capital Management LP bought a new stake in Uber Technologies during the third quarter worth approximately $749,000. Brown Brothers Harriman & Co. raised its position in Uber Technologies by 178.1% during the third quarter. Brown Brothers Harriman & Co. now owns 3,613 shares of the ride-sharing company’s stock valued at $272,000 after purchasing an additional 2,314 shares during the period. DRW Securities LLC bought a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $1,481,000. Finally, Independent Advisor Alliance boosted its holdings in shares of Uber Technologies by 12.1% in the 3rd quarter. Independent Advisor Alliance now owns 35,119 shares of the ride-sharing company’s stock worth $2,640,000 after purchasing an additional 3,788 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 0.1 %

Shares of NYSE:UBER opened at $71.64 on Thursday. The business has a 50-day moving average price of $75.45 and a 200-day moving average price of $71.20. The stock has a market cap of $150.85 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 0.91 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. Equities analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UBER. Bank of America raised their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Royal Bank of Canada raised their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. Finally, Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.51.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company’s stock.

Uber Technologies Profile

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.