PCJ Investment Counsel Ltd. Sells 17,760 Shares of Uber Technologies, Inc. (NYSE:UBER)

PCJ Investment Counsel Ltd. lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 23.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 57,940 shares of the ride-sharing company's stock after selling 17,760 shares during the quarter. Uber Technologies accounts for 1.4% of PCJ Investment Counsel Ltd.'s holdings, making the stock its 20th biggest position. PCJ Investment Counsel Ltd.'s holdings in Uber Technologies were worth $4,355,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UBER. Bessemer Group Inc. boosted its holdings in Uber Technologies by 73.5% in the first quarter. Bessemer Group Inc. now owns 32,769 shares of the ride-sharing company's stock valued at $2,523,000 after acquiring an additional 13,887 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Uber Technologies during the first quarter valued at $599,000. Ossiam grew its holdings in Uber Technologies by 19,034.1% during the first quarter. Ossiam now owns 109,447 shares of the ride-sharing company's stock valued at $8,426,000 after purchasing an additional 108,875 shares during the period. Crewe Advisors LLC purchased a new stake in shares of Uber Technologies in the first quarter worth about $219,000. Finally, LGT Group Foundation purchased a new stake in shares of Uber Technologies in the first quarter worth approximately $77,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. Bank of America lifted their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a "buy" rating in a research note on Wednesday, October 23rd. KeyCorp lowered their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, November 1st. Gordon Haskett raised shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price for the company in a research note on Thursday, October 31st. Morgan Stanley increased their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 23rd. Finally, Citigroup increased their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a "buy" rating in a research report on Wednesday, August 7th. Six 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 MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $90.32.

Uber Technologies Stock Performance

UBER stock traded up $0.16 during mid-day trading on Wednesday, hitting $69.29. The company had a trading volume of 11,184,481 shares, compared to its average volume of 18,286,584. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 12 month low of $53.89 and a 12 month high of $87.00. The firm has a market cap of $145.90 billion, a PE ratio of 34.53, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. The stock's fifty day moving average price is $75.47 and its two-hundred day moving average price is $71.11.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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 analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company's revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction that occurred 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 sale, the insider now owns 127,352 shares of the company's stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by company 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.