The Manufacturers Life Insurance Company Sells 16,417 Shares of Uber Technologies, Inc. (NYSE:UBER)

The Manufacturers Life Insurance Company trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 26.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,046 shares of the ride-sharing company’s stock after selling 16,417 shares during the period. The Manufacturers Life Insurance Company’s holdings in Uber Technologies were worth $2,307,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Huntington National Bank bought a new stake in shares of Uber Technologies during the 2nd quarter valued at $25,000. Tradition Wealth Management LLC raised its position in shares of Uber Technologies by 199.0% during the 2nd quarter. Tradition Wealth Management LLC now owns 604 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 402 shares during the period. Meridian Wealth Partners LLC bought a new stake in shares of Uber Technologies during the 1st quarter valued at $37,000. Deseret Mutual Benefit Administrators bought a new stake in shares of Uber Technologies during the 2nd quarter valued at $44,000. Finally, Concord Wealth Partners raised its position in shares of Uber Technologies by 46.5% during the 1st quarter. Concord Wealth Partners now owns 932 shares of the ride-sharing company’s stock valued at $51,000 after purchasing an additional 296 shares during the period. Hedge funds and other institutional investors own 72.73% of the company’s stock.

A number of analysts have issued reports on the stock. The Goldman Sachs Group assumed coverage on shares of Uber Technologies in a report on Monday, September 13th. They issued a “buy” rating and a $64.00 price target on the stock. Gordon Haskett assumed coverage on shares of Uber Technologies in a report on Monday, August 2nd. They issued a “buy” rating and a $65.00 price target on the stock. Wedbush reduced their price target on shares of Uber Technologies from $66.00 to $51.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. JMP Securities reiterated a “buy” rating and issued a $77.00 price target on shares of Uber Technologies in a report on Wednesday, September 22nd. Finally, Oppenheimer reduced their target price on shares of Uber Technologies from $80.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, August 5th. Three investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $68.63.

Shares of NYSE:UBER opened at $46.41 on Thursday. The company has a market capitalization of $87.45 billion, a PE ratio of -72.51 and a beta of 1.54. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.55. Uber Technologies, Inc. has a 12-month low of $32.90 and a 12-month high of $64.05. The business’s fifty day simple moving average is $42.66 and its 200-day simple moving average is $48.04.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, August 4th. The ride-sharing company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.53) by $1.11. The company had revenue of $3.93 billion for the quarter, compared to analyst estimates of $3.76 billion. Uber Technologies had a negative return on equity of 15.64% and a negative net margin of 7.78%. The firm’s quarterly revenue was up 75.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.02) earnings per share. Research analysts predict that Uber Technologies, Inc. will post -0.2 EPS for the current year.

About Uber Technologies

Uber Technologies, Inc operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. It operates through the following segments: Rides, Eats, Freight, Other Bets and ATG and Other Technology Programs.

See Also: How to Trade Using Analysts Ratings

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.