Goldentree Asset Management LP Raises Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Goldentree Asset Management LP raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 15.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 659,518 shares of the ride-sharing company’s stock after purchasing an additional 88,153 shares during the period. Uber Technologies accounts for 4.0% of Goldentree Asset Management LP’s holdings, making the stock its 8th biggest holding. Goldentree Asset Management LP’s holdings in Uber Technologies were worth $49,501,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. CENTRAL TRUST Co lifted its holdings in shares of Uber Technologies by 12.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares in the last quarter. Procyon Advisors LLC lifted its stake in shares of Uber Technologies by 2.1% in the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after buying an additional 131 shares in the last quarter. DT Investment Partners LLC lifted its stake in shares of Uber Technologies by 21.4% in the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after buying an additional 145 shares in the last quarter. Jmac Enterprises LLC grew its holdings in shares of Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after buying an additional 150 shares during the last quarter. Finally, Wealthspire Advisors LLC increased its position in shares of Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. JMP Securities upped their price target on Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Bank of America raised 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. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research note on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Trading Up 0.1 %

NYSE:UBER opened at $71.62 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock’s fifty day moving average price is $75.38 and its two-hundred day moving average price is $71.20. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $150.81 billion, a P/E ratio of 35.63, a P/E/G ratio of 0.89 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.84% 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.