Rockefeller Capital Management L.P. Reduces Holdings in Uber Technologies, Inc. (NYSE:UBER)

Rockefeller Capital Management L.P. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 123,410 shares of the ride-sharing company’s stock after selling 672 shares during the period. Rockefeller Capital Management L.P.’s holdings in Uber Technologies were worth $6,184,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Uber Technologies by 5.6% during the 1st quarter. Morgan Stanley now owns 128,831,213 shares of the ride-sharing company’s stock worth $7,022,589,000 after buying an additional 6,824,475 shares during the period. BlackRock Inc. increased its position in shares of Uber Technologies by 7.0% in the 1st quarter. BlackRock Inc. now owns 61,990,156 shares of the ride-sharing company’s stock worth $3,379,085,000 after purchasing an additional 4,071,861 shares during the last quarter. Jennison Associates LLC increased its position in shares of Uber Technologies by 15.3% in the 1st quarter. Jennison Associates LLC now owns 46,722,500 shares of the ride-sharing company’s stock worth $2,546,843,000 after purchasing an additional 6,204,252 shares during the last quarter. Janus Henderson Group PLC increased its position in shares of Uber Technologies by 89.6% in the 1st quarter. Janus Henderson Group PLC now owns 19,324,065 shares of the ride-sharing company’s stock worth $1,053,341,000 after purchasing an additional 9,134,360 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Uber Technologies by 0.7% in the 1st quarter. Nuveen Asset Management LLC now owns 13,787,399 shares of the ride-sharing company’s stock worth $751,551,000 after purchasing an additional 92,184 shares during the last quarter. 72.73% of the stock is currently owned by hedge funds and other institutional investors.

UBER stock opened at $39.01 on Wednesday. Uber Technologies, Inc. has a 52 week low of $32.89 and a 52 week high of $64.05. The company has a market capitalization of $73.51 billion, a price-to-earnings ratio of -60.95 and a beta of 1.54. The firm’s 50-day moving average is $43.24 and its two-hundred day moving average is $49.61. 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 (NYSE:UBER) last released its quarterly earnings results on Wednesday, August 4th. The ride-sharing company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of ($0.53) by $1.11. Uber Technologies had a negative net margin of 7.78% and a negative return on equity of 15.64%. The company had revenue of $3.93 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the firm earned ($1.02) EPS. Uber Technologies’s revenue was up 75.3% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post -0.2 earnings per share for the current year.

In related news, insider Tony West sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, July 2nd. The shares were sold at an average price of $50.51, for a total value of $328,315.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.06% of the stock is owned by insiders.

Several research firms have recently weighed in on UBER. Wells Fargo & Company reissued a “buy” rating on shares of Uber Technologies in a research report on Thursday, July 1st. Wedbush dropped their target price on shares of Uber Technologies from $66.00 to $51.00 and set an “outperform” rating for the company in a research report on Thursday, August 5th. Gordon Haskett assumed coverage on shares of Uber Technologies in a research report on Monday, August 2nd. They issued a “buy” rating and a $65.00 target price for the company. Royal Bank of Canada assumed coverage on shares of Uber Technologies in a report on Thursday, May 27th. They issued an “outperform” rating and a $65.00 price target for the company. Finally, Jefferies Financial Group assumed coverage on shares of Uber Technologies in a report on Thursday, August 5th. They issued a “buy” rating and a $75.00 price target for the company. Three investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $68.57.

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.

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

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