Mediolanum International Funds Ltd Sells 28,788 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mediolanum International Funds Ltd lessened its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 8.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 314,433 shares of the ride-sharing company's stock after selling 28,788 shares during the period. Mediolanum International Funds Ltd's holdings in Uber Technologies were worth $19,061,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Truist Financial Corp boosted its holdings in shares of Uber Technologies by 4.4% during the 2nd quarter. Truist Financial Corp now owns 490,554 shares of the ride-sharing company's stock valued at $35,653,000 after acquiring an additional 20,815 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Uber Technologies in the 2nd quarter worth approximately $13,836,000. Anchor Investment Management LLC raised its stake in Uber Technologies by 2.5% during the 2nd quarter. Anchor Investment Management LLC now owns 30,963 shares of the ride-sharing company's stock valued at $2,250,000 after buying an additional 748 shares during the last quarter. Centaurus Financial Inc. lifted its holdings in shares of Uber Technologies by 59.2% during the 2nd quarter. Centaurus Financial Inc. now owns 14,266 shares of the ride-sharing company's stock valued at $1,037,000 after buying an additional 5,307 shares during the period. Finally, Massmutual Trust Co. FSB ADV boosted its stake in shares of Uber Technologies by 11.3% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 30,195 shares of the ride-sharing company's stock worth $2,269,000 after buying an additional 3,075 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Trading Down 0.2 %

Shares of UBER opened at $66.59 on Friday. The company's fifty day simple moving average is $65.77 and its 200-day simple moving average is $70.17. The company has a market cap of $140.21 billion, a P/E ratio of 33.13, a P/E/G ratio of 0.77 and a beta of 1.36. 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 twelve month low of $54.84 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. As a group, analysts expect that Uber Technologies, Inc. will post 1.85 EPS for the current year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company's stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on UBER shares. Benchmark reissued a "hold" rating on shares of Uber Technologies in a report on Friday, November 1st. UBS Group raised their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, October 18th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $96.00 target price on shares of Uber Technologies in a report on Thursday, January 2nd. Evercore ISI lifted their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Finally, Cantor Fitzgerald upped their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock an "overweight" rating in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $91.08.

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.

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