Whittier Trust Co. Decreases Stake in Uber Technologies, Inc. (NYSE:UBER)

Whittier Trust Co. cut its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,420 shares of the ride-sharing company’s stock after selling 2,888 shares during the quarter. Whittier Trust Co.’s holdings in Uber Technologies were worth $783,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in UBER. Brookstone Capital Management increased its holdings in Uber Technologies by 4.0% in the 1st quarter. Brookstone Capital Management now owns 135,680 shares of the ride-sharing company’s stock worth $10,446,000 after buying an additional 5,160 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in shares of Uber Technologies in the first quarter worth $154,000. DGS Capital Management LLC purchased a new position in shares of Uber Technologies during the first quarter worth $252,000. Wealth Enhancement Advisory Services LLC lifted its position in Uber Technologies by 14.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 182,700 shares of the ride-sharing company’s stock valued at $14,066,000 after purchasing an additional 22,709 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Uber Technologies in the first quarter valued at $246,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. JMP Securities lifted their price objective on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. UBS Group lifted their price target on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Roth Mkm raised their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Loop Capital boosted their target price on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $88.86.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 0.7 %

Shares of UBER opened at $79.83 on Thursday. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The firm has a market capitalization of $166.81 billion, a P/E ratio of 128.76, a P/E/G ratio of 1.37 and a beta of 1.33. The firm has a 50-day moving average price of $74.87 and a 200 day moving average price of $70.76. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.08 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.