Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its stake in Uber Technologies, Inc. (NYSE:UBER) by 83.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 128,042 shares of the ride-sharing company’s stock after selling 626,619 shares during the period. Bridgewater Associates LP’s holdings in Uber Technologies were worth $9,624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. lifted its position in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after acquiring an additional 3,179,308 shares during the period. Edgewood Management LLC lifted its holdings in shares of Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock worth $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. AMF Tjanstepension AB purchased a new stake in Uber Technologies in the third quarter valued at approximately $163,468,000. Samlyn Capital LLC acquired a new position in Uber Technologies in the 2nd quarter worth approximately $134,987,000. Finally, Ensign Peak Advisors Inc raised its position in Uber Technologies by 64.9% during the 2nd quarter. Ensign Peak Advisors Inc now owns 4,633,697 shares of the ride-sharing company’s stock worth $336,777,000 after buying an additional 1,824,162 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JMP Securities upped their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Roth Mkm upped their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Wells Fargo & Company reduced their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Oppenheimer upped their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.51.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.1 %

UBER stock opened at $71.62 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average of $75.38 and a two-hundred day moving average of $71.20. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market cap of $150.81 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 0.89 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results 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 firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.10 earnings per share. As a group, analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

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.