Moors & Cabot Inc. Reduces Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Moors & Cabot Inc. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,470 shares of the ride-sharing company's stock after selling 8,322 shares during the quarter. Moors & Cabot Inc.'s holdings in Uber Technologies were worth $5,898,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Research Global Investors lifted its stake in Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company's stock valued at $3,075,562,000 after buying an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock valued at $2,804,437,000 after buying an additional 9,996,508 shares in the last quarter. Legal & General Group Plc lifted its stake in Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock valued at $1,107,529,000 after buying an additional 237,976 shares in the last quarter. Clearbridge Investments LLC lifted its stake in Uber Technologies by 9.6% in the second quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company's stock valued at $889,956,000 after buying an additional 1,076,876 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock worth $864,390,000 after purchasing an additional 3,179,308 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 0.7 %

UBER traded up $0.49 during trading on Wednesday, reaching $69.62. The stock had a trading volume of 16,645,781 shares, compared to its average volume of 18,310,824. The stock's 50 day moving average is $75.47 and its two-hundred day moving average is $71.11. 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 company has a market capitalization of $146.60 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a one year low of $53.89 and a one year 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 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the company earned $0.10 earnings per share. The company's revenue was up 20.4% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction 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. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Citigroup upped their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Cantor Fitzgerald restated an "overweight" rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. Raymond James began coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They issued a "strong-buy" rating and a $90.00 price target on the stock. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an "overweight" rating for the company in a research report on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $90.32.

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.