Cantillon Capital Management LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cantillon Capital Management LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 65.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,022,650 shares of the ride-sharing company’s stock after acquiring an additional 1,587,208 shares during the period. Uber Technologies makes up 1.8% of Cantillon Capital Management LLC’s portfolio, making the stock its 26th biggest position. Cantillon Capital Management LLC owned about 0.19% of Uber Technologies worth $302,342,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Knuff & Co LLC increased its stake in Uber Technologies by 13.2% during the 3rd quarter. Knuff & Co LLC now owns 3,820 shares of the ride-sharing company’s stock worth $287,000 after buying an additional 445 shares during the period. Caprock Group LLC increased its position in shares of Uber Technologies by 21.7% during the third quarter. Caprock Group LLC now owns 85,840 shares of the ride-sharing company’s stock worth $6,452,000 after acquiring an additional 15,301 shares during the last quarter. Pathstone Holdings LLC boosted its holdings in Uber Technologies by 11.4% in the third quarter. Pathstone Holdings LLC now owns 861,507 shares of the ride-sharing company’s stock valued at $64,751,000 after purchasing an additional 88,166 shares during the last quarter. MidAtlantic Capital Management Inc. acquired a new stake in Uber Technologies during the 3rd quarter valued at approximately $51,000. Finally, Drive Wealth Management LLC raised its position in shares of Uber Technologies by 3.9% in the 3rd quarter. Drive Wealth Management LLC now owns 5,017 shares of the ride-sharing company’s stock valued at $377,000 after purchasing an additional 186 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup upped their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Morgan Stanley lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company dropped their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Finally, Truist Financial dropped their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Trading Down 5.3 %

Shares of NYSE UBER opened at $69.34 on Tuesday. The firm has a 50 day moving average price of $75.48 and a two-hundred day moving average price of $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. Uber Technologies, Inc. has a 52-week low of $53.76 and a 52-week high of $87.00. The stock has a market cap of $146.01 billion, a P/E ratio of 34.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.10 EPS. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The shares were 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. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.80% of the stock is currently owned by insiders.

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.