Diversified Trust Co bought a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 10,807 shares of the ride-sharing company’s stock, valued at approximately $394,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Morgan Stanley boosted its stake in shares of Uber Technologies by 46.5% in the 1st quarter. Morgan Stanley now owns 78,273,681 shares of the ride-sharing company’s stock valued at $2,185,401,000 after purchasing an additional 24,836,270 shares during the last quarter. Vanguard Group Inc. boosted its stake in Uber Technologies by 13.9% during the 2nd quarter. Vanguard Group Inc. now owns 54,059,378 shares of the ride-sharing company’s stock worth $1,680,165,000 after acquiring an additional 6,577,482 shares during the last quarter. Jennison Associates LLC boosted its stake in Uber Technologies by 44.8% during the 2nd quarter. Jennison Associates LLC now owns 45,137,556 shares of the ride-sharing company’s stock worth $1,402,875,000 after acquiring an additional 13,963,363 shares during the last quarter. Jackson Square Partners LLC boosted its stake in Uber Technologies by 56.0% during the 2nd quarter. Jackson Square Partners LLC now owns 17,609,096 shares of the ride-sharing company’s stock worth $547,290,000 after acquiring an additional 6,324,212 shares during the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Uber Technologies by 14.4% during the 1st quarter. Clearbridge Investments LLC now owns 16,190,894 shares of the ride-sharing company’s stock worth $452,050,000 after acquiring an additional 2,037,197 shares during the last quarter. 67.75% of the stock is currently owned by institutional investors.

Several research analysts recently weighed in on UBER shares. Barclays lifted their price objective on shares of Uber Technologies from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, August 7th. Mizuho lifted their price objective on shares of Uber Technologies from $42.00 to $47.00 and gave the stock a “buy” rating in a research note on Friday, October 9th. Wedbush reduced their price objective on shares of Uber Technologies from $47.00 to $41.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Citigroup reduced their price objective on shares of Uber Technologies from $41.00 to $40.00 and set a “buy” rating on the stock in a research note on Wednesday, August 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Uber Technologies from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Three investment analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the company’s stock. Uber Technologies presently has an average rating of “Buy” and a consensus price target of $41.51.

In related news, insider Tony West sold 2,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $30.40, for a total transaction of $60,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 6,000 shares of company stock worth $200,220. 8.66% of the stock is owned by corporate insiders.

NYSE UBER opened at $33.72 on Friday. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.80. Uber Technologies, Inc. has a 12-month low of $13.71 and a 12-month high of $41.86. The company has a market capitalization of $59.10 billion, a PE ratio of -8.35 and a beta of 1.19. The firm’s 50 day moving average is $35.60 and its 200-day moving average is $32.35.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, August 6th. The ride-sharing company reported ($1.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.78) by ($0.24). The firm had revenue of $2.24 billion for the quarter, compared to analyst estimates of $2.18 billion. Uber Technologies had a negative return on equity of 38.83% and a negative net margin of 50.99%. Uber Technologies’s quarterly revenue was down 29.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($4.72) earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post -3.85 EPS for the current year.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.

Recommended Story: What is a good rate of return for a mutual fund?

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.