Uber Technologies, Inc. (NYSE:UBER) Shares Sold by EULAV Asset Management

EULAV Asset Management trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 5.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 425,000 shares of the ride-sharing company’s stock after selling 25,000 shares during the quarter. EULAV Asset Management’s holdings in Uber Technologies were worth $31,943,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the period. WR Wealth Planners LLC lifted its holdings in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. MCF Advisors LLC boosted its stake in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Founders Capital Management purchased a new stake in shares of Uber Technologies during the second quarter worth $33,000. Finally, Financial Management Professionals Inc. raised its position in shares of Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 252 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UBER has been the subject of a number of analyst reports. Loop Capital upped their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. JMP Securities boosted their target price on Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. KeyCorp reduced their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Thursday, October 17th. Finally, The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $69.13 on Wednesday. Uber Technologies, Inc. has a one year low of $53.76 and a one year high of $87.00. The stock has a market cap of $145.57 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. The business’s fifty day moving average price is $75.47 and its two-hundred day moving average price is $71.11. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Uber Technologies Company 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.