Amalgamated Bank Cuts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Amalgamated Bank trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 435,061 shares of the ride-sharing company’s stock after selling 7,026 shares during the period. Amalgamated Bank’s holdings in Uber Technologies were worth $32,699,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Aptus Capital Advisors LLC grew its holdings in shares of Uber Technologies by 17.1% in the 2nd 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. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $799,000. Samlyn Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $134,987,000. Hedeker Wealth LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $6,519,000. Finally, Brookstone Capital Management grew 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 worth $11,082,000 after acquiring an additional 25,814 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

NYSE:UBER opened at $73.25 on Tuesday. The business’s 50-day moving average is $75.37 and its two-hundred day moving average is $70.86. 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, Inc. has a 12 month low of $46.68 and a 12 month high of $87.00. The firm has a market capitalization of $153.89 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last announced its earnings results 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. 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 for the quarter, compared to analyst estimates of $10.99 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Buying and Selling

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 transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. Melius Research initiated coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. DA Davidson reiterated a “buy” rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, October 17th. Morgan Stanley increased their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Evercore ISI increased their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.22.

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.