Healthcare of Ontario Pension Plan Trust Fund Reduces Position in Uber Technologies, Inc. (NYSE:UBER)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) by 94.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 100,000 shares of the ride-sharing company’s stock after selling 1,716,800 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Uber Technologies were worth $2,046,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Global Retirement Partners LLC boosted its stake in shares of Uber Technologies by 6.1% during the second quarter. Global Retirement Partners LLC now owns 31,714 shares of the ride-sharing company’s stock valued at $649,000 after purchasing an additional 1,823 shares during the period. Whittier Trust Co. boosted its stake in shares of Uber Technologies by 645.6% during the second quarter. Whittier Trust Co. now owns 81,571 shares of the ride-sharing company’s stock valued at $1,668,000 after purchasing an additional 70,631 shares during the period. Great Valley Advisor Group Inc. boosted its stake in shares of Uber Technologies by 98.4% during the second quarter. Great Valley Advisor Group Inc. now owns 38,338 shares of the ride-sharing company’s stock valued at $785,000 after purchasing an additional 19,018 shares during the period. Massmutual Trust Co. FSB ADV boosted its stake in shares of Uber Technologies by 8.7% during the second quarter. Massmutual Trust Co. FSB ADV now owns 73,685 shares of the ride-sharing company’s stock valued at $1,508,000 after purchasing an additional 5,924 shares during the period. Finally, Metis Global Partners LLC boosted its stake in shares of Uber Technologies by 32.9% during the second quarter. Metis Global Partners LLC now owns 11,414 shares of the ride-sharing company’s stock valued at $233,000 after purchasing an additional 2,824 shares during the period. Hedge funds and other institutional investors own 71.57% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent analyst reports. UBS Group decreased their target price on Uber Technologies from $50.00 to $36.00 and set a “buy” rating for the company in a report on Wednesday, August 3rd. Needham & Company LLC upped their target price on Uber Technologies from $52.00 to $54.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. Cowen decreased their target price on Uber Technologies from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, October 24th. MKM Partners decreased their target price on Uber Technologies from $41.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Finally, Barclays upped their target price on Uber Technologies from $53.00 to $54.00 and gave the company an “overweight” rating in a report on Wednesday, August 3rd. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $48.64.

Uber Technologies Trading Up 2.5 %

Uber Technologies stock opened at $28.79 on Thursday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.04 and a quick ratio of 1.04. Uber Technologies, Inc. has a one year low of $19.90 and a one year high of $45.90. The stock has a market capitalization of $57.42 billion, a PE ratio of -6.34 and a beta of 1.13. The business’s fifty day moving average is $28.26 and its 200 day moving average is $26.42.

Uber Technologies (NYSE:UBERGet Rating) last released its quarterly earnings data on Tuesday, November 1st. The ride-sharing company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.44). Uber Technologies had a negative net margin of 30.45% and a negative return on equity of 90.49%. The business had revenue of $8.34 billion for the quarter, compared to analysts’ expectations of $8.08 billion. On average, sell-side analysts predict that Uber Technologies, Inc. will post -5.12 EPS for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 63,100 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $31.02, for a total transaction of $1,957,362.00. Following the sale, the insider now directly owns 80,750 shares of the company’s stock, valued at $2,504,865. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, insider Jill Hazelbaker sold 63,100 shares of the firm’s stock in a transaction dated Tuesday, November 15th. The stock was sold at an average price of $31.02, for a total value of $1,957,362.00. Following the transaction, the insider now directly owns 80,750 shares of the company’s stock, valued at $2,504,865. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 4,167 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $32.00, for a total value of $133,344.00. Following the completion of the transaction, the insider now directly owns 142,593 shares in the company, valued at $4,562,976. The disclosure for this sale can be found here. Insiders have sold 117,267 shares of company stock valued at $3,591,206 over the last ninety days. Insiders own 4.06% of the company’s stock.

About Uber Technologies

(Get Rating)

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.

Further Reading

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.