Uber Technologies, Inc. $UBER Stake Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 765,236 shares of the ride-sharing company’s stock after purchasing an additional 6,159 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Uber Technologies were worth $74,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in Uber Technologies by 1.6% in the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after purchasing an additional 3,025,483 shares during the period. Geode Capital Management LLC raised its position in shares of Uber Technologies by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after buying an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies during the 1st quarter worth about $2,207,743,000. Norges Bank acquired a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC boosted its holdings in shares of Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on UBER. Truist Financial increased their price target on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. BTIG Research restated a “buy” rating and issued a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Mizuho started coverage on shares of Uber Technologies in a research report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $108.43.

Uber Technologies Trading Up 0.3%

Shares of NYSE UBER opened at $81.51 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 12 month low of $60.12 and a 12 month high of $101.99. The company has a market cap of $169.35 billion, a price-to-earnings ratio of 10.48 and a beta of 1.19. The business has a fifty day simple moving average of $88.58 and a 200-day simple moving average of $91.48.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total transaction of $251,125.00. Following the sale, the insider owned 175,423 shares in the company, valued at $14,096,992.28. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 14,875 shares of company stock worth $1,348,818. 3.70% of the stock is currently owned by insiders.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.