Uber Technologies, Inc. $UBER Stake Trimmed by Bridger Management LLC

Bridger Management LLC decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 47.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 127,829 shares of the ride-sharing company’s stock after selling 113,642 shares during the quarter. Uber Technologies makes up 7.0% of Bridger Management LLC’s holdings, making the stock its 2nd largest holding. Bridger Management LLC’s holdings in Uber Technologies were worth $11,926,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies during the first quarter worth about $27,000. West Oak Capital LLC bought a new position in Uber Technologies in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC grew its holdings in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in Uber Technologies during the 2nd quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $31,000. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Stifel Nicolaus set a $122.00 target price on shares of Uber Technologies in a research report on Tuesday, November 4th. Wedbush decreased their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Piper Sandler set a $107.00 price objective on Uber Technologies in a report on Wednesday, November 5th. Finally, TD Cowen increased their target price on Uber Technologies from $108.00 to $114.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Stock Up 0.6%

NYSE UBER opened at $92.13 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The company has a fifty day moving average of $95.46 and a two-hundred day moving average of $91.90. The firm has a market capitalization of $191.42 billion, a price-to-earnings ratio of 11.84 and a beta of 1.46. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the prior year, the firm posted $1.20 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $93.00, for a total value of $290,625.00. Following the sale, the insider directly owned 172,846 shares of the company’s stock, valued at $16,074,678. This represents a 1.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 598,875 shares of company stock valued at $58,407,848. Company insiders own 3.70% of the company’s stock.

About Uber Technologies

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.