MetLife Investment Management LLC Has $45.91 Million Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• MetLife Investment Management LLC has decreased its holdings in Uber Technologies by 2.4%, owning approximately $45.91 million worth of shares after selling 15,600 shares in the first quarter.
• Analysts have set a consensus target price of $102.82 for Uber Technologies, with Morgan Stanley maintaining an "overweight" rating and raising its target price to $115.00.
• Insider activity includes CFO Prashanth Mahendra-Rajah selling 2,750 shares for over $261,000, representing an 11.12% decrease in their ownership.

MetLife Investment Management LLC decreased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 630,083 shares of the ride-sharing company's stock after selling 15,600 shares during the period. MetLife Investment Management LLC's holdings in Uber Technologies were worth $45,908,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter worth $27,000. Kozak & Associates Inc. grew its stake in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares in the last quarter. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth $27,000. GPS Wealth Strategies Group LLC grew its stake in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares in the last quarter. Finally, Perkins Coie Trust Co grew its stake in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 306 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Wedbush reduced their target price on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research note on Thursday, August 7th. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating for the company in a research note on Thursday, August 7th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, Loop Capital restated a "buy" rating and set a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $102.82.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

UBER opened at $96.7020 on Friday. The firm has a market cap of $201.66 billion, a P/E ratio of 16.47, a PEG ratio of 1.11 and a beta of 1.43. The firm has a 50-day moving average of $91.08 and a 200 day moving average of $82.93. 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 fifty-two week low of $59.33 and a fifty-two week high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current 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.

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