Two Sigma Advisers LP Has $276.02 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Two Sigma Advisers LP lowered its holdings in Uber Technologies, Inc. (NYSE:UBER) by 48.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,672,400 shares of the ride-sharing company’s stock after selling 3,413,000 shares during the quarter. Two Sigma Advisers LP’s holdings in Uber Technologies were worth $276,018,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. GHP Investment Advisors Inc. grew its position in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC grew its position in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the period. MCF Advisors LLC grew its position in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Fairfield Financial Advisors LTD acquired a new stake in Uber Technologies in the 2nd quarter valued at $36,000. Finally, NewSquare Capital LLC grew its position in Uber Technologies by 1,509.4% in the 2nd quarter. NewSquare Capital LLC now owns 515 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 483 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent analyst reports. KeyCorp dropped their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Royal Bank of Canada raised their price objective on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Tigress Financial raised their price objective on Uber Technologies from $96.00 to $103.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Monday, October 7th. Finally, UBS Group raised their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $90.51.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Down 9.6 %

Shares of NYSE UBER opened at $65.25 on Friday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $137.39 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 0.89 and a beta of 1.33. The business has a 50-day moving average of $74.86 and a 200-day moving average of $71.37.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS 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 company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

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.