109,675 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Tri Ri Asset Management Corp

Tri Ri Asset Management Corp acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 109,675 shares of the ride-sharing company’s stock, valued at approximately $8,243,000. Uber Technologies makes up approximately 4.2% of Tri Ri Asset Management Corp’s holdings, making the stock its 8th biggest position.

Several other large investors have also recently bought and sold shares of UBER. Swedbank AB boosted its position in Uber Technologies by 12.1% during the second quarter. Swedbank AB now owns 928,192 shares of the ride-sharing company’s stock valued at $67,461,000 after purchasing an additional 100,517 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Uber Technologies by 206.1% in the second quarter. Blue Trust Inc. now owns 14,493 shares of the ride-sharing company’s stock valued at $1,116,000 after buying an additional 9,759 shares during the last quarter. Brookstone Capital Management lifted its position in shares of Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after buying an additional 25,814 shares during the last quarter. Gradient Investments LLC lifted its position in shares of Uber Technologies by 108.1% in the second quarter. Gradient Investments LLC now owns 614 shares of the ride-sharing company’s stock valued at $45,000 after buying an additional 319 shares during the last quarter. Finally, Foster Victor Wealth Advisors LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $6,689,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Royal Bank of Canada raised their price objective on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. UBS Group lifted their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Oppenheimer lifted their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. 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’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Uber Technologies Stock Up 0.4 %

Shares of UBER opened at $61.41 on Friday. The company has a market capitalization of $129.31 billion, a PE ratio of 30.55, a PEG ratio of 0.76 and a beta of 1.33. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The stock’s 50-day moving average price is $73.82 and its two-hundred day moving average price is $71.35. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 EPS. On average, analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.84% of the company’s stock.

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.