Braun Stacey Associates Inc. Has $25.22 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Braun Stacey Associates Inc. lessened its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 335,581 shares of the ride-sharing company's stock after selling 65,817 shares during the quarter. Braun Stacey Associates Inc.'s holdings in Uber Technologies were worth $25,222,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Orion Portfolio Solutions LLC boosted its position in Uber Technologies by 19.0% during the first quarter. Orion Portfolio Solutions LLC now owns 25,216 shares of the ride-sharing company's stock worth $1,941,000 after purchasing an additional 4,024 shares during the period. Acadian Asset Management LLC lifted its position in Uber Technologies by 39.5% during the 1st quarter. Acadian Asset Management LLC now owns 84,298 shares of the ride-sharing company's stock worth $6,484,000 after acquiring an additional 23,851 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in Uber Technologies during the first quarter valued at about $62,000. O Shaughnessy Asset Management LLC increased its stake in shares of Uber Technologies by 19.7% in the first quarter. O Shaughnessy Asset Management LLC now owns 157,369 shares of the ride-sharing company's stock worth $12,116,000 after purchasing an additional 25,888 shares during the period. Finally, Bessemer Group Inc. increased its stake in shares of Uber Technologies by 73.5% in the first quarter. Bessemer Group Inc. now owns 32,769 shares of the ride-sharing company's stock worth $2,523,000 after purchasing an additional 13,887 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 6.2 %

Uber Technologies stock traded down $4.54 during trading hours on Monday, reaching $68.71. 31,398,074 shares of the company's stock traded hands, compared to its average volume of 18,238,420. Uber Technologies, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $87.00. The firm's 50 day moving average is $75.48 and its 200-day moving average is $71.10. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $144.68 billion, a price-to-earnings ratio of 33.89, a PEG ratio of 0.73 and a beta of 1.34.

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 firm had revenue of $11.19 billion for the quarter, compared to analysts' expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The shares were 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 approximately $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have issued reports on UBER. Wells Fargo & Company lowered their target price on Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Bank of America boosted their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Cantor Fitzgerald reissued an "overweight" rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. TD Cowen boosted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Finally, Raymond James assumed coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They issued a "strong-buy" rating and a $90.00 target price for the company. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $90.32.

Uber Technologies 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.