Uber Technologies, Inc. $UBER Position Reduced by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 33.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,079,901 shares of the ride-sharing company’s stock after selling 1,059,775 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.10% of Uber Technologies worth $194,055,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the company. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies during the 2nd quarter worth $30,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies in the first quarter worth $27,000. Truvestments Capital LLC lifted its stake in Uber Technologies by 498.5% in the first 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 during the last quarter. Finally, REAP Financial Group LLC lifted its stake in Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after buying an additional 250 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $91.56 on Friday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a 50-day moving average of $95.50 and a two-hundred day moving average of $91.74. The company has a market capitalization of $190.24 billion, a price-to-earnings ratio of 11.77 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted 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 firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the sale, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 598,875 shares of company stock valued at $58,407,848. 3.84% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on UBER shares. UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, November 5th. Raymond James Financial raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. Susquehanna reiterated a “positive” rating and set a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Stifel Nicolaus set a $122.00 price objective on Uber Technologies in a report on Tuesday, November 4th. Finally, Barclays cut their target price on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research note 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, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $108.26.

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.