Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Drive Wealth Management LLC

Drive Wealth Management LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.9% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 5,017 shares of the ride-sharing company’s stock after acquiring an additional 186 shares during the quarter. Drive Wealth Management LLC’s holdings in Uber Technologies were worth $377,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Holistic Financial Partners lifted its stake in Uber Technologies by 14.3% during the 3rd quarter. Holistic Financial Partners now owns 3,351 shares of the ride-sharing company’s stock valued at $252,000 after acquiring an additional 419 shares during the period. Aviso Wealth Management purchased a new position in shares of Uber Technologies during the third quarter worth $2,302,000. GLOBALT Investments LLC GA lifted its position in Uber Technologies by 0.5% during the third quarter. GLOBALT Investments LLC GA now owns 54,553 shares of the ride-sharing company’s stock valued at $4,100,000 after purchasing an additional 289 shares during the period. Aljian Capital Management LLC purchased a new stake in Uber Technologies in the third quarter valued at $1,214,000. Finally, Swiss National Bank grew its position in Uber Technologies by 0.6% during the 3rd quarter. Swiss National Bank now owns 5,581,800 shares of the ride-sharing company’s stock worth $419,528,000 after purchasing an additional 35,200 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on UBER. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Melius Research assumed coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target for the company. Citigroup raised their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI boosted their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, TD Cowen increased their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.

Uber Technologies Price Performance

NYSE:UBER opened at $69.34 on Tuesday. The company has a market capitalization of $146.01 billion, a P/E ratio of 34.50, a P/E/G ratio of 0.73 and a beta of 1.34. 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, Inc. has a 52 week low of $53.76 and a 52 week high of $87.00. The stock’s fifty day moving average is $75.48 and its two-hundred day moving average is $71.10.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 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 net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 1.83 EPS for the current year.

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.