Chicago Capital LLC Sells 11,953 Shares of Uber Technologies, Inc. $UBER

Chicago Capital LLC lowered its position in Uber Technologies, Inc. (NYSE:UBERFree Report) by 0.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,296,152 shares of the ride-sharing company’s stock after selling 11,953 shares during the quarter. Uber Technologies makes up about 3.1% of Chicago Capital LLC’s holdings, making the stock its 7th biggest holding. Chicago Capital LLC owned about 0.06% of Uber Technologies worth $126,984,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Brant Point Investment Management LLC purchased a new position in Uber Technologies in the second quarter worth $933,000. Econ Financial Services Corp acquired a new position in shares of Uber Technologies during the 3rd quarter worth $1,538,000. Munro Partners purchased a new position in shares of Uber Technologies in the 2nd quarter valued at about $96,294,000. Prudential PLC lifted its stake in shares of Uber Technologies by 15.7% in the second quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock valued at $20,233,000 after purchasing an additional 29,359 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in Uber Technologies by 1.7% during the second quarter. Panagora Asset Management Inc. now owns 2,082,067 shares of the ride-sharing company’s stock worth $194,257,000 after buying an additional 35,418 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Key Stores Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Trading Down 2.6%

Uber Technologies stock opened at $80.72 on Tuesday. The stock has a 50-day moving average price of $87.35 and a 200 day moving average price of $91.40. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99. The stock has a market cap of $167.72 billion, a PE ratio of 10.37 and a beta of 1.20. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $1.20 EPS. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction 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 $1,919,355.30. This represents a 21.29% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the sale, the insider owned 175,423 shares in the company, valued at $14,096,992.28. This trade represents a 1.75% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 14,875 shares of company stock worth $1,348,818. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. Susquehanna restated a “positive” rating and set a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Barclays dropped their price objective on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. The Goldman Sachs Group reiterated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, BMO Capital Markets lowered their target price on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $107.33.

Read Our Latest Research Report on Uber Technologies

About Uber Technologies

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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

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