EULAV Asset Management Decreases Position in Uber Technologies, Inc. (NYSE:UBER)

EULAV Asset Management trimmed its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 425,000 shares of the ride-sharing company's stock after selling 25,000 shares during the quarter. EULAV Asset Management's holdings in Uber Technologies were worth $31,943,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board bought a new stake in Uber Technologies in the third quarter worth $327,000. First Horizon Advisors Inc. lifted its holdings in shares of Uber Technologies by 11.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,290 shares of the ride-sharing company's stock valued at $473,000 after acquiring an additional 649 shares during the last quarter. Advisors Asset Management Inc. increased its stake in Uber Technologies by 32.3% during the third quarter. Advisors Asset Management Inc. now owns 128,929 shares of the ride-sharing company's stock worth $9,690,000 after acquiring an additional 31,484 shares during the last quarter. SCP Investment LP raised its position in Uber Technologies by 11.1% during the third quarter. SCP Investment LP now owns 350,000 shares of the ride-sharing company's stock valued at $26,306,000 after purchasing an additional 35,000 shares during the period. Finally, Commerce Bank increased its position in shares of Uber Technologies by 4.9% during the 3rd quarter. Commerce Bank now owns 986,491 shares of the ride-sharing company's stock valued at $74,145,000 after purchasing an additional 45,650 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock traded up $0.49 during trading hours on Wednesday, hitting $69.62. The company's stock had a trading volume of 16,645,781 shares, compared to its average volume of 18,310,824. Uber Technologies, Inc. has a 12-month low of $53.89 and a 12-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 stock has a market cap of $146.60 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. The company has a 50 day moving average of $75.47 and a 200 day moving average of $71.11.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Oppenheimer boosted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Friday, September 27th. Wells Fargo & Company dropped their target price on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Royal Bank of Canada increased their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Jefferies Financial Group boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "buy" rating in a report on Tuesday, October 22nd. Finally, Citigroup increased their target price on Uber Technologies from $96.00 to $98.00 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 issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $90.32.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company's stock, valued at $9,169,344. This trade represents a 23.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 3.80% of the company's stock.

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.