Hilltop Holdings Inc. Buys 22,438 Shares of Uber Technologies, Inc. (NYSE:UBER)

Hilltop Holdings Inc. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 380.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 28,339 shares of the ride-sharing company’s stock after acquiring an additional 22,438 shares during the period. Hilltop Holdings Inc.’s holdings in Uber Technologies were worth $2,130,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the last quarter. WR Wealth Planners LLC increased its holdings in Uber Technologies by 563.9% in the second 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 period. MCF Advisors LLC raised its position 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 purchasing an additional 405 shares during the last quarter. Fairfield Financial Advisors LTD acquired a new position in Uber Technologies during the 2nd quarter worth about $36,000. Finally, NewSquare Capital LLC grew its position in shares of Uber Technologies by 1,509.4% in the 2nd quarter. NewSquare Capital LLC now owns 515 shares of the ride-sharing company’s stock valued at $37,000 after buying an additional 483 shares during the last quarter. 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 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $71.28 on Wednesday. The firm has a 50-day moving average price of $75.18 and a 200-day moving average price of $71.41. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $150.10 billion, a price-to-earnings ratio of 35.46, a PEG ratio of 0.91 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued 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. 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 for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UBER shares. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. JMP Securities boosted their price objective on Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, October 31st. Finally, Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Company 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.