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

Financial Advocates Investment Management increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.3% in the third quarter, HoldingsChannel reports. The firm owned 15,419 shares of the ride-sharing company’s stock after acquiring an additional 1,054 shares during the quarter. Financial Advocates Investment Management’s holdings in Uber Technologies were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. Norden Group LLC acquired a new stake in shares of Uber Technologies during the first quarter worth about $1,651,000. PDS Planning Inc raised its position in Uber Technologies by 20.7% during the first quarter. PDS Planning Inc now owns 5,646 shares of the ride-sharing company’s stock valued at $435,000 after acquiring an additional 970 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in Uber Technologies by 7.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 47,825 shares of the ride-sharing company’s stock valued at $3,682,000 after acquiring an additional 3,210 shares in the last quarter. BNP Paribas purchased a new position in Uber Technologies during the first quarter valued at approximately $9,821,000. Finally, Fidelis Capital Partners LLC purchased a new position in Uber Technologies during the first quarter valued at approximately $631,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Bank of America lifted their price target on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. Loop Capital boosted their price objective on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. DA Davidson restated a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a research report on Thursday, October 17th. Finally, Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.22.

Uber Technologies Price Performance

UBER stock opened at $73.25 on Friday. 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 company has a market capitalization of $153.89 billion, a PE 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. The business’s fifty day moving average price is $75.36 and its 200 day moving average price is $70.88.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.1 EPS for the current 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.