10,634 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,634 shares of the ride-sharing company’s stock, valued at approximately $799,000.

Several other institutional investors have also recently made changes to their positions in UBER. Aptus Capital Advisors LLC increased its position in Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 1,383 shares during the last quarter. Samlyn Capital LLC bought a new stake in Uber Technologies in the 2nd quarter valued at $134,987,000. Brookstone Capital Management lifted its holdings in Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares during the last quarter. BOCHK Asset Management Ltd boosted its position in Uber Technologies by 1,558.3% during the third quarter. BOCHK Asset Management Ltd now owns 49,750 shares of the ride-sharing company’s stock worth $3,739,000 after purchasing an additional 46,750 shares during the period. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after purchasing an additional 8,614 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of several research analyst reports. Morgan Stanley lifted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Melius began coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Benchmark initiated coverage on Uber Technologies in a research report on Friday. They set a “hold” rating on the stock. Daiwa America downgraded shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Loop Capital boosted their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $88.86.

Uber Technologies Stock Up 1.2 %

Shares of NYSE UBER opened at $78.56 on Monday. The stock has a market capitalization of $165.05 billion, a P/E ratio of 85.30, a P/E/G ratio of 1.33 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 1 year low of $42.01 and a 1 year high of $87.00. The company has a 50-day moving average price of $75.09 and a 200-day moving average price of $70.80.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the business earned $0.18 EPS. The business’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were 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 owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is owned by corporate insiders.

About Uber Technologies

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.