Freedom Investment Management Inc. Trims Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Freedom Investment Management Inc. trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,111 shares of the ride-sharing company’s stock after selling 852 shares during the period. Freedom Investment Management Inc.’s holdings in Uber Technologies were worth $1,061,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ascent Wealth Partners LLC purchased a new position in Uber Technologies during the third quarter worth $2,087,000. Aviso Wealth Management acquired a new stake in shares of Uber Technologies during the third quarter valued at $2,302,000. Sumitomo Mitsui Trust Group Inc. increased its position in Uber Technologies by 9.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after purchasing an additional 512,591 shares in the last quarter. Aptus Capital Advisors LLC raised its stake in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA purchased a new position in Uber Technologies in the 3rd quarter valued at about $799,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 0.1 %

Shares of Uber Technologies stock opened at $71.64 on Thursday. The stock has a market capitalization of $150.85 billion, a price-to-earnings ratio of 35.64, a PEG ratio of 0.91 and a beta of 1.34. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The business’s 50 day simple moving average is $75.45 and its 200-day simple moving average is $71.20.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the company earned $0.10 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Monday, October 7th. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research note on Thursday, October 17th. Citigroup lifted their price objective on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Roth Mkm upped their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group raised their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.51.

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.