Epoch Investment Partners Inc. Cuts Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Epoch Investment Partners Inc. reduced its stake in Uber Technologies by 1.9%, now holding over 1.5 million shares valued at approximately $109.8 million.
• Several large investors, including Vanguard Group and Pacer Advisors, increased their positions significantly, with Pacer Advisors raising their stake by a striking 2,571.2%.
• Analysts have mixed ratings on Uber, with one noting a "strong-buy" and others downgrading to "hold"; the stock has an average price target of $102.82.

Epoch Investment Partners Inc. lessened its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 1.9% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,507,525 shares of the ride-sharing company's stock after selling 29,202 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.07% of Uber Technologies worth $109,838,000 at the end of the most recent quarter.

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

Uber Technologies Stock Down 1.1%

NYSE UBER traded down $1.09 during mid-day trading on Wednesday, hitting $95.44. The company's stock had a trading volume of 11,347,844 shares, compared to its average volume of 18,562,228. The company's 50 day simple moving average is $91.76 and its 200 day simple moving average is $83.35. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $97.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $199.02 billion, a price-to-earnings ratio of 16.26, a PEG ratio of 1.11 and a beta of 1.43.

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

Wall Street Analyst Weigh In

UBER has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Loop Capital reaffirmed a "buy" rating and set a $105.00 price objective (up previously from $89.00) on shares of Uber Technologies in a research report on Wednesday, May 21st. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Piper Sandler raised their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $120.00 to $119.00 and set an "overweight" rating for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $102.82.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on 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 transaction, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 45,571 shares of company stock valued at $4,335,899 in the last three months. 3.84% of the stock is currently owned by insiders.

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.