Gateway Investment Advisers LLC Decreases Position in Uber Technologies, Inc. (NYSE:UBER)

Gateway Investment Advisers LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 69.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 106,349 shares of the ride-sharing company's stock after selling 239,432 shares during the quarter. Gateway Investment Advisers LLC's holdings in Uber Technologies were worth $6,415,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC lifted its position in Uber Technologies by 2.1% during the third quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company's stock valued at $3,184,013,000 after purchasing an additional 893,652 shares in the last quarter. Edgewood Management LLC lifted its position in shares of Uber Technologies by 10.5% during the 3rd quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company's stock valued at $2,070,813,000 after buying an additional 2,627,768 shares in the last quarter. Legal & General Group Plc raised its stake in Uber Technologies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock worth $1,107,529,000 after acquiring an additional 237,976 shares during the period. Janus Henderson Group PLC lifted its holdings in Uber Technologies by 18.3% during the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company's stock valued at $998,767,000 after purchasing an additional 2,056,273 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Uber Technologies by 14.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 12,498,209 shares of the ride-sharing company's stock worth $939,365,000 after purchasing an additional 1,601,747 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 1.9 %

NYSE:UBER traded down $1.28 during midday trading on Friday, hitting $67.30. 27,057,083 shares of the company were exchanged, compared to its average volume of 27,863,750. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a fifty day simple moving average of $66.34 and a 200 day simple moving average of $70.39. The company has a market capitalization of $141.71 billion, a PE ratio of 33.48, a price-to-earnings-growth ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 quarter last year, the company posted $0.10 earnings per share. The business's revenue was up 20.4% on a year-over-year basis. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 1.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of analyst reports. Truist Financial cut their price target on Uber Technologies from $99.00 to $95.00 and set a "buy" rating for the company in a research note on Friday, November 1st. JMP Securities downgraded shares of Uber Technologies from an "outperform" rating to a "market perform" rating and set a $95.00 target price on the stock. in a report on Thursday, January 2nd. UBS Group increased their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the company a "buy" rating in a report on Friday, October 18th. Gordon Haskett upgraded Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research report on Thursday, October 31st. Finally, Royal Bank of Canada upped their price objective on Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $91.53.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies 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 sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.80% of the stock is currently owned by insiders.

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.