Uber Technologies, Inc. (NYSE:UBER) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its stake in Uber Technologies, Inc. (NYSE:UBER) by 68.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 857,920 shares of the ride-sharing company’s stock after selling 1,840,337 shares during the period. Assenagon Asset Management S.A.’s holdings in Uber Technologies were worth $64,481,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. Aptus Capital Advisors LLC increased its stake in shares of Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after acquiring an additional 1,383 shares during the period. Samlyn Capital LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $134,987,000. Brookstone Capital Management lifted its holdings in shares of Uber Technologies by 19.0% in the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after buying an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC boosted its stake in shares of Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after buying an additional 8,614 shares in the last quarter. Finally, DSM Capital Partners LLC grew its holdings in Uber Technologies by 2.2% during the second quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock worth $163,775,000 after acquiring an additional 47,824 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 1.8 %

UBER stock opened at $78.39 on Friday. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a market cap of $164.69 billion, a price-to-earnings ratio of 86.14, a PEG ratio of 1.40 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The business has a fifty day simple moving average of $74.98 and a 200-day simple moving average of $70.81.

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. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period last year, the business posted $0.18 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other 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 value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. Evercore ISI raised their target price on Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Melius started coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. JMP Securities increased their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. TD Cowen upped their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $97.00 price objective on shares of Uber Technologies in a 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $88.86.

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.