Villere ST Denis J & Co. LLC Sells 7,885 Shares of Uber Technologies, Inc. $UBER

Villere ST Denis J & Co. LLC lessened its stake in Uber Technologies, Inc. (NYSE:UBERFree Report) by 2.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 296,558 shares of the ride-sharing company’s stock after selling 7,885 shares during the quarter. Uber Technologies accounts for 2.8% of Villere ST Denis J & Co. LLC’s holdings, making the stock its 13th biggest position. Villere ST Denis J & Co. LLC’s holdings in Uber Technologies were worth $29,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. Brant Point Investment Management LLC bought a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $933,000. Spirepoint Private Client LLC grew its stake in shares of Uber Technologies by 21.9% during the third quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock worth $7,331,000 after buying an additional 13,454 shares during the last quarter. Econ Financial Services Corp acquired a new position in shares of Uber Technologies during the third quarter worth $1,538,000. Munro Partners acquired a new position in shares of Uber Technologies during the second quarter worth $96,294,000. Finally, Prudential PLC lifted its stake in shares of Uber Technologies by 15.7% in the 2nd quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock valued at $20,233,000 after acquiring an additional 29,359 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have issued reports on UBER. Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a report on Wednesday, November 5th. Melius Research set a $73.00 price objective on Uber Technologies in a research note on Monday, January 5th. Needham & Company LLC restated a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Wedbush cut their price target on shares of Uber Technologies from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Finally, UBS Group set a $111.00 price objective on Uber Technologies in a report on Monday. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $107.19.

Read Our Latest Stock Report on Uber Technologies

Key Uber Technologies News

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

Uber Technologies Stock Performance

Shares of UBER opened at $80.86 on Tuesday. 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’s fifty day simple moving average is $83.89 and its two-hundred day simple moving average is $90.14. Uber Technologies, Inc. has a 12 month low of $60.63 and a 12 month high of $101.99. The stock has a market capitalization of $168.01 billion, a P/E ratio of 10.39 and a beta of 1.20.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) 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 company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the previous year, the business earned $1.20 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total value of $260,937.50. Following the completion of the sale, the insider owned 176,584 shares in the company, valued at $14,744,764. The trade was a 1.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 14,875 shares of company stock worth $1,319,130. Insiders own 3.84% of the company’s stock.

Uber Technologies Profile

(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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