Parametrica Management Ltd Has $1.28 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Parametrica Management Ltd grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 6.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,963 shares of the ride-sharing company’s stock after purchasing an additional 1,063 shares during the quarter. Uber Technologies comprises about 1.5% of Parametrica Management Ltd’s portfolio, making the stock its 18th biggest position. Parametrica Management Ltd’s holdings in Uber Technologies were worth $1,275,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. lifted its stake in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC raised its stake in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares during the period. J.Safra Asset Management Corp acquired a new position in Uber Technologies during the 1st quarter worth approximately $32,000. MCF Advisors LLC raised its stake in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the period. Finally, Founders Capital Management acquired a new position in Uber Technologies during the 2nd quarter worth approximately $33,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Down 0.8 %

Shares of UBER traded down $0.57 on Wednesday, hitting $70.80. 2,955,774 shares of the stock traded hands, compared to its average volume of 18,101,664. The company has a market capitalization of $149.08 billion, a PE ratio of 35.52, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The business has a 50 day simple moving average of $75.42 and a 200 day simple moving average of $70.99. Uber Technologies, Inc. has a one year low of $52.39 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s revenue was up 20.4% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of research reports. Melius assumed coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Raymond James assumed coverage on Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Bank of America boosted their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company decreased their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.80% of the company’s stock.

About Uber Technologies

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.