Rhumbline Advisers Sells 78,691 Shares of Uber Technologies, Inc. $UBER

Rhumbline Advisers lessened its holdings in Uber Technologies, Inc. (NYSE:UBER) by 2.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,688,238 shares of the ride-sharing company’s stock after selling 78,691 shares during the quarter. Rhumbline Advisers’ holdings in Uber Technologies were worth $344,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Brighton Jones LLC raised its position in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC grew its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC increased its stake in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the last quarter. Madison Asset Management LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth approximately $208,000. Finally, Pinnacle Associates Ltd. raised its holdings in shares of Uber Technologies by 26.5% in the 1st quarter. Pinnacle Associates Ltd. now owns 115,919 shares of the ride-sharing company’s stock worth $8,446,000 after purchasing an additional 24,307 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBER has been the subject of a number of recent research reports. Susquehanna reissued a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Needham & Company LLC reiterated a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Sanford C. Bernstein lifted their price objective on Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. DA Davidson boosted their price objective on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus set a $122.00 target price on shares of Uber Technologies in a research report on Tuesday, November 4th. 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. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $108.26.

Insider Activity at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s 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 completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 570,750 shares of company stock valued at $55,682,535. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $83.81 on Friday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The stock’s 50-day simple moving average is $94.81 and its 200 day simple moving average is $91.85. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $174.14 billion, a price-to-earnings ratio of 10.77 and a beta of 1.46.

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