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

Bridgewater Associates LP reduced its stake in Uber Technologies, Inc. (NYSE:UBER) by 83.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 128,042 shares of the ride-sharing company’s stock after selling 626,619 shares during the quarter. Bridgewater Associates LP’s holdings in Uber Technologies were worth $9,624,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Soros Capital Management LLC lifted its stake in Uber Technologies by 1,446.3% during the 3rd quarter. Soros Capital Management LLC now owns 140,373 shares of the ride-sharing company’s stock worth $10,550,000 after acquiring an additional 131,295 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of Uber Technologies by 40.8% during the third quarter. Townsquare Capital LLC now owns 28,093 shares of the ride-sharing company’s stock worth $2,111,000 after purchasing an additional 8,135 shares in the last quarter. Baldwin Investment Management LLC acquired a new stake in shares of Uber Technologies during the third quarter worth about $974,000. Lazard Freres Gestion S.A.S. acquired a new position in shares of Uber Technologies in the third quarter valued at approximately $4,058,000. Finally, Quantbot Technologies LP grew its holdings in shares of Uber Technologies by 503.8% in the third quarter. Quantbot Technologies LP now owns 62,236 shares of the ride-sharing company’s stock valued at $4,678,000 after purchasing an additional 51,929 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other 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 completion of the sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of several recent research reports. Oppenheimer raised their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Royal Bank of Canada lifted their target price on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Evercore ISI lifted their price objective on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Jefferies Financial Group boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Trading Up 0.1 %

Shares of UBER opened at $71.62 on Friday. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a market capitalization of $150.81 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The stock has a fifty day moving average of $75.38 and a two-hundred day moving average of $71.20. 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 released its 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. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current year.

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.