Cantillon Capital Management LLC Has $302.34 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Cantillon Capital Management LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 65.2% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 4,022,650 shares of the ride-sharing company's stock after buying an additional 1,587,208 shares during the quarter. Uber Technologies makes up about 1.8% of Cantillon Capital Management LLC's investment portfolio, making the stock its 26th largest holding. Cantillon Capital Management LLC owned about 0.19% of Uber Technologies worth $302,342,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UBER. GHP Investment Advisors Inc. increased its holdings in shares of Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC increased its holdings in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 344 shares during the period. MCF Advisors LLC grew its holdings in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after acquiring an additional 405 shares during the period. Founders Capital Management acquired a new position in Uber Technologies during the second quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Uber Technologies during the second quarter worth about $36,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER traded down $0.20 during trading on Tuesday, hitting $69.13. The company's stock had a trading volume of 21,523,640 shares, compared to its average volume of 18,315,998. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average price of $75.47 and a 200 day moving average price of $71.11. The firm has a market cap of $145.57 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 52 week low of $53.76 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Melius Research assumed coverage on Uber Technologies in a report on Monday, July 22nd. They set a "hold" rating and a $77.00 target price on the stock. JMP Securities lifted their target price on Uber Technologies from $80.00 to $95.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. DA Davidson lifted their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company lowered their target price on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Six investment 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's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.32.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 40,000 shares of the business's 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 of the company's stock, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.80% of the company's stock.

Uber Technologies 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.