Uber Technologies, Inc. (NYSE:UBER) Holdings Raised by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,837 shares of the ride-sharing company’s stock after purchasing an additional 223 shares during the quarter. Bleakley Financial Group LLC’s holdings in Uber Technologies were worth $2,318,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of UBER. GHP Investment Advisors Inc. raised its position in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. raised its position in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC raised its position in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Uber Technologies in the first quarter worth about $32,000. Finally, MCF Advisors LLC raised its position in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Melius began coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research note on Thursday. Melius Research assumed coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Wells Fargo & Company reissued an “overweight” rating and issued a $97.00 price target on shares of Uber Technologies in a research note on Friday, September 13th. Finally, Truist Financial boosted their price target on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Six investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $88.51.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $79.16 on Friday. The business’s fifty day moving average price is $74.30 and its two-hundred day moving average price is $70.67. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $87.00. The stock has a market capitalization of $165.41 billion, a price-to-earnings ratio of 127.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the prior year, the business posted $0.18 earnings per share. The business’s revenue was up 15.9% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 1.08 EPS for the current fiscal year.

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.