Fisher Asset Management LLC Sells 6,551 Shares of Uber Technologies, Inc. (NYSE:UBER)

Fisher Asset Management LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,951 shares of the ride-sharing company’s stock after selling 6,551 shares during the period. Fisher Asset Management LLC’s holdings in Uber Technologies were worth $3,980,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Citizens Financial Group Inc. RI increased its stake in Uber Technologies by 23.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 4,602 shares of the ride-sharing company’s stock worth $354,000 after acquiring an additional 885 shares during the period. LRI Investments LLC bought a new position in shares of Uber Technologies in the 1st quarter valued at $87,000. PGGM Investments bought a new position in shares of Uber Technologies in the 1st quarter valued at $686,000. Invst LLC bought a new position in shares of Uber Technologies in the 1st quarter valued at $205,000. Finally, Teachers Retirement System of The State of Kentucky bought a new position in shares of Uber Technologies in the 1st quarter valued at $24,134,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $71.62 on Friday. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00. The firm has a market capitalization of $150.81 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 0.91 and a beta of 1.34. The business has a 50-day simple moving average of $75.38 and a 200 day simple moving average of $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.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UBER shares. Citigroup lifted their price target on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. JMP Securities lifted their price target 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. Truist Financial decreased their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Thursday, October 17th. Finally, Loop Capital raised their price objective on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 3.84% of the stock is currently owned by corporate 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.