Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Lifted by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.9% in the third quarter, Holdings Channel reports. The firm owned 10,315 shares of the ride-sharing company’s stock after buying an additional 847 shares during the period. Aptus Capital Advisors LLC’s holdings in Uber Technologies were worth $775,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. raised its position in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares in the last quarter. WR Wealth Planners LLC lifted its stake in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. MCF Advisors LLC lifted its stake in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Founders Capital Management bought a new stake in Uber Technologies in the second quarter worth $33,000. Finally, Fairfield Financial Advisors LTD bought a new position in Uber Technologies during the second quarter valued at about $36,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other 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 completion of the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UBER. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a research note on Thursday, October 17th. Royal Bank of Canada increased their price target on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Melius Research started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Thursday, October 31st. Finally, Loop Capital lifted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Six research 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 stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Trading Up 0.4 %

Shares of Uber Technologies stock opened at $71.44 on Friday. Uber Technologies, Inc. has a 12-month low of $53.15 and a 12-month high of $87.00. The stock has a market capitalization of $150.43 billion, a P/E ratio of 36.11, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a 50-day simple moving average of $75.40 and a 200 day simple moving average of $71.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

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