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

D.A. Davidson & CO. cut its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 65,123 shares of the ride-sharing company’s stock after selling 1,194 shares during the quarter. D.A. Davidson & CO.’s holdings in Uber Technologies were worth $4,895,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in shares of Uber Technologies by 36.5% in the second 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 last quarter. Edgewood Management LLC boosted its stake in Uber Technologies by 10.5% during the 3rd 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 last quarter. AMF Tjanstepension AB purchased a new stake in shares of Uber Technologies during the third quarter worth $163,468,000. Samlyn Capital LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at about $134,987,000. Finally, Ensign Peak Advisors Inc lifted its stake in shares of Uber Technologies by 64.9% in the second 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 in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Thursday, October 31st. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Jefferies Financial Group boosted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Loop Capital upped their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Finally, Raymond James began coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target for the company. 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 company’s stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Stock Performance

NYSE UBER opened at $71.64 on Thursday. The firm has a market cap of $150.85 billion, a P/E ratio of 35.64, a P/E/G 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 business’s 50-day moving average price is $75.45 and its 200 day moving average price is $71.20. 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 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. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were 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 approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is owned by corporate insiders.

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.