EULAV Asset Management Sells 25,000 Shares of Uber Technologies, Inc. (NYSE:UBER)

EULAV Asset Management lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 5.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 425,000 shares of the ride-sharing company’s stock after selling 25,000 shares during the period. EULAV Asset Management’s holdings in Uber Technologies were worth $31,943,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors raised its position in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after buying an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the last quarter. Legal & General Group Plc lifted its position in Uber Technologies by 1.6% during the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after purchasing an additional 237,976 shares during the period. Clearbridge Investments LLC boosted its holdings in Uber Technologies by 9.6% in the second quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company’s stock worth $889,956,000 after purchasing an additional 1,076,876 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Uber Technologies by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after purchasing an additional 3,179,308 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UBER shares. Truist Financial lowered their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. UBS Group boosted their price target on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. TD Cowen raised their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group upped their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Down 0.3 %

Shares of NYSE UBER opened at $69.13 on Wednesday. The stock has a market capitalization of $145.57 billion, a price-to-earnings ratio of 34.39, a P/E/G ratio of 0.73 and a beta of 1.34. The firm’s 50-day moving average price is $75.47 and its 200-day moving average price is $71.11. Uber Technologies, Inc. has a 12-month low of $53.76 and a 12-month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

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.