Uber Technologies, Inc. (NYSE:UBER) Position Trimmed by Menora Mivtachim Holdings LTD.

Key Points

• Menora Mivtachim Holdings LTD. has reduced its stake in Uber Technologies by 41.2%, resulting in ownership of 980,183 shares worth approximately $71.4 million.
• Tax filings indicate that 80.24% of Uber's shares are owned by institutional investors, with several hedge funds altering their positions recently, including Brighton Jones LLC and Revolve Wealth Partners LLC.
• Uber's earnings report showed $0.63 EPS, exceeding the consensus estimate, and an 18.2% increase in revenue year-over-year, with analysts maintaining a generally positive outlook on the stock.

Menora Mivtachim Holdings LTD. decreased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 41.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 980,183 shares of the ride-sharing company's stock after selling 686,200 shares during the quarter. Menora Mivtachim Holdings LTD.'s holdings in Uber Technologies were worth $71,416,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its holdings in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG acquired a new stake in Uber Technologies during the 4th quarter worth about $395,000. Ontario Teachers Pension Plan Board raised its holdings in Uber Technologies by 12.7% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 4,900 shares of the ride-sharing company's stock worth $296,000 after buying an additional 554 shares during the period. Finally, Jump Financial LLC acquired a new stake in Uber Technologies during the 4th quarter worth about $618,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was 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 accessible through this link. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 1.4%

NYSE UBER opened at $92.64 on Friday. The business has a 50 day simple moving average of $90.19 and a 200 day simple moving average of $81.86. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The stock has a market capitalization of $193.19 billion, a P/E ratio of 15.78, a P/E/G ratio of 1.05 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Piper Sandler upped their target price on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Citigroup boosted their price target on Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, Roth Capital boosted their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Eleven analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies 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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