27,762 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 27,762 shares of the ride-sharing company’s stock, valued at approximately $2,087,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. General American Investors Co. Inc. lifted its holdings in Uber Technologies by 0.6% in the 3rd quarter. General American Investors Co. Inc. now owns 100,583 shares of the ride-sharing company’s stock valued at $7,560,000 after purchasing an additional 583 shares in the last quarter. Jmac Enterprises LLC lifted its holdings in Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after purchasing an additional 150 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Uber Technologies by 7.1% during the 3rd quarter. Principal Financial Group Inc. now owns 2,460,332 shares of the ride-sharing company’s stock worth $184,919,000 after acquiring an additional 162,528 shares during the period. Hanseatic Management Services Inc. lifted its holdings in shares of Uber Technologies by 23.3% during the 3rd quarter. Hanseatic Management Services Inc. now owns 1,238 shares of the ride-sharing company’s stock worth $93,000 after acquiring an additional 234 shares during the period. Finally, Spinnaker Trust lifted its holdings in shares of Uber Technologies by 3.0% during the 3rd quarter. Spinnaker Trust now owns 77,405 shares of the ride-sharing company’s stock worth $5,818,000 after acquiring an additional 2,284 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UBER. Oppenheimer increased their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. UBS Group increased their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. The Goldman Sachs Group increased their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Finally, DA Davidson increased their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Stock Performance

UBER traded down $0.45 during trading hours on Thursday, hitting $73.91. 1,089,925 shares of the stock were exchanged, compared to its average volume of 18,027,408. The stock has a 50-day simple moving average of $75.45 and a 200-day simple moving average of $70.92. Uber Technologies, Inc. has a 12 month low of $48.90 and a 12 month high of $87.00. The stock has a market cap of $155.63 billion, a price-to-earnings ratio of 36.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business posted $0.10 earnings per share. Analysts anticipate that Uber Technologies, Inc. will post 1.15 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.84% of the stock is currently owned by company 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.