Cantillon Capital Management LLC Sells 150,233 Shares of Uber Technologies, Inc. $UBER

Key Points

• Cantillon Capital Management LLC sold 150,233 shares of Uber Technologies, reducing its stake by 2.8%, which now represents about 2.8% of its portfolio.
• Insider transactions included CEO Dara Khosrowshahi selling 300,000 shares and insider Tony West selling 100,000 shares, indicating a decrease in their ownership percentages.
• Wall Street analysts have mixed views on Uber's stock, with price target adjustments ranging from $84.00 to $113.00, and a consensus rating of "Moderate Buy."

Cantillon Capital Management LLC reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,158,226 shares of the ride-sharing company's stock after selling 150,233 shares during the quarter. Uber Technologies makes up about 2.8% of Cantillon Capital Management LLC's portfolio, making the stock its 14th biggest holding. Cantillon Capital Management LLC owned 0.25% of Uber Technologies worth $481,262,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Hilltop National Bank bought a new position in shares of Uber Technologies during the 2nd quarter worth approximately $96,000. Geneos Wealth Management Inc. boosted its stake in Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock valued at $7,483,000 after purchasing an additional 91,362 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in Uber Technologies by 42.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company's stock valued at $70,822,000 after purchasing an additional 226,960 shares during the period. Kapstone Financial Advisors LLC bought a new stake in Uber Technologies in the 2nd quarter valued at $415,000. Finally, Northeast Investment Management boosted its stake in Uber Technologies by 168.2% in the 2nd quarter. Northeast Investment Management now owns 91,481 shares of the ride-sharing company's stock valued at $8,535,000 after purchasing an additional 57,369 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the sale, the insider directly owned 171,558 shares of the company's stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the sale, the chief executive officer directly owned 1,132,544 shares in the company, valued at $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 604,946 shares of company stock valued at $58,950,116. 3.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wedbush reduced their price target on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. BMO Capital Markets boosted their price target on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Barclays reaffirmed an "overweight" rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Needham & Company LLC lifted their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $105.70.

Uber Technologies Price Performance

Uber Technologies stock opened at $93.07 on Wednesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The stock has a market capitalization of $194.09 billion, a P/E ratio of 15.86 and a beta of 1.48. The stock has a fifty day moving average of $95.31 and a 200-day moving average of $88.96.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter in the previous year, the firm earned $0.47 EPS. Uber Technologies's revenue was up 18.2% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.

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