William Blair Investment Management LLC reduced its stake in Uber Technologies by 3.9% in the third quarter, now holding 2,644,874 shares valued at approximately $259.12 million, making it their 28th largest position. Despite missing EPS estimates, Uber’s revenue slightly exceeded expectations, and analysts maintain a “Moderate Buy” consensus with a target price around $104.53, buoyed by positive developments like Uber Air and a rollback of contractor rules. Insider buying, notably by CFO Balaji Krishnamurthy, further signals confidence in the company’s prospects.
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William Blair Investment Management LLC Has $259.12 Million Position in Uber Technologies, Inc. $UBER
William Blair Investment Management LLC reduced its stake in Uber Technologies by 3.9% in the third quarter, now holding 2,644,874 shares valued at approximately $259.12 million, making it their 28th largest position. Despite missing EPS estimates, Uber’s revenue slightly exceeded expectations, and analysts maintain a “Moderate Buy” consensus with a target price around $104.53, buoyed by positive developments like Uber Air and a rollback of contractor rules. Insider buying, notably by CFO Balaji Krishnamurthy, further signals confidence in the company’s prospects.