Bristlecone Advisors LLC Trims Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bristlecone Advisors LLC decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.2% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 65,049 shares of the ride-sharing company’s stock after selling 140 shares during the period. Bristlecone Advisors LLC’s holdings in Uber Technologies were worth $4,889,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its position in shares of 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 acquiring an additional 9,996,508 shares during the period. GQG Partners LLC lifted its stake in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares in the last quarter. Allen Investment Management LLC boosted its holdings in Uber Technologies by 2,956.5% in the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after purchasing an additional 5,163,635 shares during the period. Vanguard Group Inc. grew its position in shares of Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings 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 during the period. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

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 transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on UBER shares. Wolfe Research assumed coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price for the company. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Oppenheimer raised their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Bank of America boosted their price target on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Roth Mkm raised their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.86.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $77.62 on Friday. The company has a market cap of $162.19 billion, a PE ratio of 125.19, a P/E/G ratio of 1.40 and a beta of 1.33. The business has a 50 day moving average of $75.09 and a 200 day moving average of $70.80. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. 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 (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.18 EPS. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current 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.