Pacer Advisors Inc. Decreases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Pacer Advisors Inc. lowered its position in Uber Technologies, Inc. (NYSE:UBER) by 80.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,810 shares of the ride-sharing company’s stock after selling 679,860 shares during the quarter. Pacer Advisors Inc.’s holdings in Uber Technologies were worth $12,387,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. Legal & General Group Plc grew its holdings in shares of Uber Technologies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after purchasing an additional 237,976 shares during the last quarter. Clearbridge Investments LLC grew its stake in shares of Uber Technologies by 9.6% during the second quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company’s stock valued at $889,956,000 after buying an additional 1,076,876 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after buying an additional 3,179,308 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Uber Technologies by 10.7% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 8,464,780 shares of the ride-sharing company’s stock valued at $615,220,000 after acquiring an additional 821,508 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its holdings in Uber Technologies by 36.3% during the 1st quarter. Janus Henderson Group PLC now owns 8,009,770 shares of the ride-sharing company’s stock valued at $616,613,000 after acquiring an additional 2,134,621 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of UBER opened at $71.49 on Friday. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a market capitalization of $150.54 billion, a P/E ratio of 35.57, a price-to-earnings-growth ratio of 0.90 and a beta of 1.34. The firm has a 50 day moving average of $75.49 and a 200 day moving average of $71.09. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

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

Analyst Ratings Changes

Several analysts have weighed in on UBER shares. Jefferies Financial Group boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. KeyCorp dropped 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. Oppenheimer raised their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. DA Davidson upped their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Bank of America increased their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

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.