Uber Technologies, Inc. (NYSE:UBER) Holdings Decreased by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC trimmed its position in Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 91.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,986 shares of the ride-sharing company’s stock after selling 79,527 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Uber Technologies were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Udine Wealth Management Inc. increased its holdings in shares of Uber Technologies by 9.7% in the 3rd quarter. Udine Wealth Management Inc. now owns 26,335 shares of the ride-sharing company’s stock valued at $698,000 after acquiring an additional 2,331 shares during the last quarter. TCTC Holdings LLC grew its stake in Uber Technologies by 1.7% during the 3rd quarter. TCTC Holdings LLC now owns 622,050 shares of the ride-sharing company’s stock worth $16,485,000 after buying an additional 10,400 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Uber Technologies by 4.0% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 814,940 shares of the ride-sharing company’s stock worth $21,596,000 after buying an additional 31,074 shares during the last quarter. Phoenix Holdings Ltd. grew its stake in Uber Technologies by 40.6% during the 3rd quarter. Phoenix Holdings Ltd. now owns 63,998 shares of the ride-sharing company’s stock worth $1,701,000 after buying an additional 18,494 shares during the last quarter. Finally, Marsico Capital Management LLC bought a new position in Uber Technologies during the 3rd quarter worth $12,754,000. 71.83% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 0.8 %

NYSE:UBER opened at $34.14 on Wednesday. The firm has a market capitalization of $68.62 billion, a price-to-earnings ratio of -7.28 and a beta of 1.22. Uber Technologies, Inc. has a 1-year low of $19.90 and a 1-year high of $37.58. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 1.15. The business’s fifty day moving average price is $31.20 and its 200 day moving average price is $29.21.

Uber Technologies (NYSE:UBER – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The ride-sharing company reported $0.29 earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.50. The firm had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.51 billion. Uber Technologies had a negative return on equity of 114.18% and a negative net margin of 28.68%. Uber Technologies’s quarterly revenue was up 49.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, sell-side analysts forecast that Uber Technologies, Inc. will post -0.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Susquehanna upped their price objective on Uber Technologies from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 9th. Cowen lowered their price objective on Uber Technologies from $70.00 to $66.00 in a research note on Thursday, January 26th. Roth Capital reiterated a “buy” rating on shares of Uber Technologies in a research report on Thursday, February 9th. Jefferies Financial Group assumed coverage on Uber Technologies in a research report on Monday, January 9th. They set a “buy” rating and a $38.00 price target for the company. Finally, UBS Group boosted their price target on Uber Technologies from $38.00 to $48.00 and gave the stock a “buy” rating in a research report on Thursday, February 9th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Insiders Place Their Bets

In other news, insider Tony West sold 4,167 shares of Uber Technologies stock in a transaction dated Thursday, February 2nd. The stock was sold at an average price of $32.54, for a total transaction of $135,594.18. Following the completion of the sale, the insider now directly owns 166,973 shares in the company, valued at approximately $5,433,301.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 3.92% of the company’s stock.

Uber Technologies Profile

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Uber Technologies, Inc operates as a technology platform for people and things mobility. The firm offers ride services and merchants delivery service providers for meal preparation, grocery and other delivery services. It operates through the following segments: Mobility, Delivery and Freight. The Mobility segment refers to products that connect consumers with Mobility Drivers who provide rides in a variety of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis.