Douglass Winthrop Advisors LLC Sells 14,524 Shares of Uber Technologies, Inc. (NYSE:UBER)

Douglass Winthrop Advisors LLC trimmed its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,091,788 shares of the ride-sharing company’s stock after selling 14,524 shares during the period. Uber Technologies accounts for approximately 3.0% of Douglass Winthrop Advisors LLC’s holdings, making the stock its 9th largest holding. Douglass Winthrop Advisors LLC’s holdings in Uber Technologies were worth $157,219,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies during the 3rd quarter worth approximately $2,087,000. Aviso Wealth Management purchased a new position in Uber Technologies in the 3rd quarter valued at $2,302,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Uber Technologies by 9.8% in the 3rd 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 in the last quarter. Aptus Capital Advisors LLC boosted 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 worth $688,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA purchased a new stake in shares of Uber Technologies during the third quarter worth $799,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.51 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $150.58 billion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The stock’s 50-day moving average is $75.47 and its two-hundred day moving average is $71.13. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UBER. Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Thursday, October 31st. Wells Fargo & Company dropped their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Royal Bank of Canada increased their price target on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Thursday, October 17th. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $90.32.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the 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. This represents a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.80% of the company’s stock.

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.