Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Jennison Associates LLC

Jennison Associates LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,322,800 shares of the ride-sharing company's stock after selling 101,846 shares during the quarter. Uber Technologies makes up approximately 0.9% of Jennison Associates LLC's holdings, making the stock its 27th biggest holding. Jennison Associates LLC owned approximately 0.92% of Uber Technologies worth $1,452,302,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its holdings in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after purchasing an additional 245 shares during the last quarter. WR Wealth Planners LLC raised its position in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock valued at $29,000 after acquiring an additional 344 shares during the last quarter. MCF Advisors LLC increased its holdings in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Founders Capital Management acquired a new position in Uber Technologies in the second quarter valued at about $33,000. Finally, Financial Management Professionals Inc. boosted its holdings in Uber Technologies by 104.1% during the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after buying an additional 252 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm'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 completion of the sale, the insider now 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 Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. Evercore ISI boosted their target price on Uber Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. JMP Securities increased their target price on Uber Technologies from $80.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. Oppenheimer upped their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a report on Friday, September 27th. TD Cowen boosted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the company a "buy" rating in a research report on Tuesday, July 23rd. Finally, Gordon Haskett upgraded Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price for the company in a report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $90.32.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.16 during trading on Wednesday, reaching $69.29. 11,184,481 shares of the company traded hands, compared to its average volume of 18,286,584. 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 simple moving average of $75.47 and a 200-day simple moving average of $71.11. Uber Technologies, Inc. has a 52-week low of $53.89 and a 52-week high of $87.00. The stock has a market capitalization of $145.90 billion, a PE ratio of 34.53, a P/E/G ratio of 0.73 and a beta of 1.34.

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, beating analysts' consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during 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 business's quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

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.