IFM Investors Pty Ltd Decreases Holdings in Uber Technologies, Inc. (NYSE:UBER)

IFM Investors Pty Ltd reduced its position in Uber Technologies, Inc. (NYSE:UBER) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 374,924 shares of the ride-sharing company’s stock after selling 2,583 shares during the quarter. IFM Investors Pty Ltd’s holdings in Uber Technologies were worth $28,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bogart Wealth LLC increased its position in shares of Uber Technologies by 2.3% during the third quarter. Bogart Wealth LLC now owns 121,530 shares of the ride-sharing company’s stock worth $9,134,000 after acquiring an additional 2,771 shares during the period. Mowery & Schoenfeld Wealth Management LLC boosted its stake in shares of Uber Technologies by 232.2% during the third quarter. Mowery & Schoenfeld Wealth Management LLC now owns 1,073 shares of the ride-sharing company’s stock valued at $81,000 after purchasing an additional 750 shares in the last quarter. Jackson Wealth Management LLC bought a new position in shares of Uber Technologies during the third quarter valued at approximately $306,000. PSI Advisors LLC boosted its stake in shares of Uber Technologies by 17.0% during the third quarter. PSI Advisors LLC now owns 7,622 shares of the ride-sharing company’s stock valued at $573,000 after purchasing an additional 1,108 shares in the last quarter. Finally, Grassi Investment Management boosted its stake in shares of Uber Technologies by 3.4% during the third quarter. Grassi Investment Management now owns 97,425 shares of the ride-sharing company’s stock valued at $7,322,000 after purchasing an additional 3,225 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 2.5 %

Shares of NYSE UBER traded down $1.98 during trading on Thursday, reaching $77.85. 9,336,670 shares of the stock were exchanged, compared to its average volume of 17,889,400. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The business’s 50-day moving average price is $74.87 and its 200 day moving average price is $70.76. The company has a market capitalization of $163.56 billion, a price-to-earnings ratio of 87.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Bank of America boosted their price target on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday. Oppenheimer upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $97.00 price target on shares of Uber Technologies in a research report on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.86.

Insider Activity

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 stock was 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 directly owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 3.84% of the company’s stock.

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.