GLOBALT Investments LLC GA Has $4.10 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

GLOBALT Investments LLC GA boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.5% in the third quarter, Holdings Channel reports. The firm owned 54,553 shares of the ride-sharing company’s stock after purchasing an additional 289 shares during the quarter. GLOBALT Investments LLC GA’s holdings in Uber Technologies were worth $4,100,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies during the third quarter worth $2,087,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Uber Technologies by 9.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after buying an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC raised its holdings in shares of Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares during the period. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $799,000. Finally, Samlyn Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth about $134,987,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the 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 owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UBER has been the topic of several research analyst reports. TD Cowen raised their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Citigroup boosted their price target on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Melius Research assumed coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Loop Capital upped their price target on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Trading Up 2.5 %

NYSE:UBER opened at $73.25 on Monday. The firm has a market capitalization of $154.24 billion, a P/E ratio of 36.44, a P/E/G ratio of 0.73 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average of $75.48 and a 200 day moving average of $71.08. Uber Technologies, Inc. has a 52 week low of $53.15 and a 52 week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 earnings per share. On average, research analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Uber Technologies Company 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.