MetLife Investment Management LLC Cuts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

MetLife Investment Management LLC reduced its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 636,214 shares of the ride-sharing company's stock after selling 12,899 shares during the period. MetLife Investment Management LLC's holdings in Uber Technologies were worth $47,818,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock valued at $26,000 after acquiring an additional 245 shares in the last quarter. WR Wealth Planners LLC lifted 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 in the last quarter. MCF Advisors LLC increased its holdings in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after buying an additional 405 shares in the last quarter. Founders Capital Management purchased a new position in Uber Technologies in the 2nd quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Uber Technologies in the 2nd quarter worth about $36,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction 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 approximately $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

UBER has been the topic of several research reports. Truist Financial dropped their target price on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Needham & Company LLC reaffirmed a "buy" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. KeyCorp reduced their price objective on Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Evercore ISI boosted their price target on Uber Technologies from $90.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, October 31st. Finally, Loop Capital increased their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $90.51.

Uber Technologies Trading Up 0.1 %

UBER traded up $0.08 during trading on Wednesday, reaching $71.64. The company had a trading volume of 12,964,486 shares, compared to its average volume of 18,280,848. 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 business has a 50 day simple moving average of $75.49 and a 200-day simple moving average of $71.20. The stock has a market cap of $150.85 billion, a P/E ratio of 36.00, a PEG ratio of 0.91 and a beta of 1.34. Uber Technologies, Inc. has a 52 week low of $54.84 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, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the firm posted $0.10 EPS. The firm's revenue was up 20.4% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

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.