Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Mutual of America Capital Management LLC

by · The Cerbat Gem

Mutual of America Capital Management LLC cut its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 258,752 shares of the ride-sharing company’s stock after selling 4,864 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Uber Technologies were worth $19,448,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies during the third quarter valued at about $2,087,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Uber Technologies by 9.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after purchasing an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC grew its stake in Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares in the last quarter. Lederer & Associates Investment Counsel CA purchased a new stake in Uber Technologies during the 3rd quarter worth approximately $799,000. Finally, Samlyn Capital LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $134,987,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 2.5 %

Shares of UBER stock opened at $73.25 on Friday. Uber Technologies, Inc. has a 1 year low of $53.15 and a 1 year high of $87.00. 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 business’s fifty day moving average is $75.48 and its 200-day moving average is $71.05. The stock has a market cap of $154.24 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34.

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

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction 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 transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. KeyCorp decreased their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Citigroup boosted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company reduced their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group boosted their price objective on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, JMP Securities upped their price objective on Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Six investment 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 company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.32.

Check Out Our Latest Stock Analysis on UBER

Uber Technologies Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).