Mutual of America Capital Management LLC Has $22.38 Million Stock Holdings in Uber Technologies, Inc. $UBER

Mutual of America Capital Management LLC decreased its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,870 shares of the ride-sharing company's stock after selling 3,103 shares during the quarter. Mutual of America Capital Management LLC's holdings in Uber Technologies were worth $22,380,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. Vision Financial Markets LLC bought a new stake in Uber Technologies during the first quarter worth $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth about $28,000. Truvestments Capital LLC raised its holdings in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 339 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies in the 2nd quarter valued at about $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies during the first quarter worth about $31,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 0.2%

UBER stock opened at $92.29 on Friday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a market capitalization of $192.47 billion, a PE ratio of 15.72 and a beta of 1.48. The company's 50-day simple moving average is $95.22 and its 200 day simple moving average is $88.60. 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 (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during 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 business's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently issued reports on UBER. Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Mizuho began coverage on Uber Technologies in a report on Monday, September 29th. They set an "outperform" rating and a $130.00 price target for the company. Barclays reaffirmed an "overweight" rating and set a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Cantor Fitzgerald restated an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, Bank of America lifted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $105.68.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock valued at $58,659,491 over the last 90 days. 3.84% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.