Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Financial Advocates Investment Management

Financial Advocates Investment Management lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,419 shares of the ride-sharing company’s stock after purchasing an additional 1,054 shares during the period. Financial Advocates Investment Management’s holdings in Uber Technologies were worth $1,159,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD raised its position in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after purchasing an additional 9,996,508 shares during the last quarter. GQG Partners LLC boosted its position in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after buying an additional 9,541,366 shares during the last quarter. Allen Investment Management LLC boosted its position in Uber Technologies by 2,956.5% in the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after buying an additional 5,163,635 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after purchasing an additional 3,623,951 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after purchasing an additional 3,179,308 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UBER shares. Roth Mkm increased their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. KeyCorp cut their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Monday, October 7th. Jefferies Financial Group upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Finally, Loop Capital upped their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average price target of $90.22.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $73.25 on Friday. The business has a fifty day simple moving average of $75.36 and a two-hundred day simple moving average of $70.88. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $153.89 billion, a P/E ratio of 80.49, a P/E/G ratio of 1.36 and a beta of 1.33. Uber Technologies, Inc. has a 12 month low of $45.25 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the firm earned $0.10 EPS. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.84% of the stock is currently owned by insiders.

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.