Uber Technologies, Inc. (NYSE:UBER) Stake Raised by Knuff & Co LLC

Knuff & Co LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 13.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,820 shares of the ride-sharing company’s stock after acquiring an additional 445 shares during the quarter. Knuff & Co LLC’s holdings in Uber Technologies were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Ascent Wealth Partners LLC bought a new stake in Uber Technologies during the third quarter worth approximately $2,087,000. Aviso Wealth Management acquired a new position in shares of Uber Technologies in the 3rd quarter worth $2,302,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after purchasing an additional 512,591 shares during the period. Aptus Capital Advisors LLC lifted its holdings in shares of Uber Technologies by 17.1% during the second 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 last quarter. Finally, Lederer & Associates Investment Counsel CA acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $799,000. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UBER. 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. Roth Mkm boosted their price target 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Bank of America lifted their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, Truist Financial reduced their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” 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 given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $90.32.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated 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 sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.

Uber Technologies Trading Down 5.3 %

Shares of UBER stock opened at $69.34 on Tuesday. 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 firm has a fifty day moving average of $75.48 and a 200-day moving average of $71.10. Uber Technologies, Inc. has a 52-week low of $53.76 and a 52-week high of $87.00. The stock has a market cap of $146.01 billion, a price-to-earnings ratio of 34.50, a P/E/G ratio of 0.73 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results 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. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion for 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 quarterly revenue was up 20.4% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

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.