Dynamic Technology Lab Private Ltd Has $4.18 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Dynamic Technology Lab Private Ltd boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 149.7% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 55,583 shares of the ride-sharing company’s stock after purchasing an additional 33,324 shares during the quarter. Uber Technologies comprises 0.4% of Dynamic Technology Lab Private Ltd’s holdings, making the stock its 20th largest position. Dynamic Technology Lab Private Ltd’s holdings in Uber Technologies were worth $4,177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies during the 3rd quarter valued at about $2,087,000. Aviso Wealth Management bought a new position in shares of Uber Technologies in the third quarter valued at approximately $2,302,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Uber Technologies by 9.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after acquiring an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA acquired a new stake in Uber Technologies during the 3rd quarter valued at $799,000. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, 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 filing with the SEC, which is available through this link. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Thursday, October 31st. Oppenheimer raised their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. KeyCorp reduced their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $71.51 on Monday. The company has a fifty day moving average price of $75.47 and a 200 day moving average price of $71.13. The firm has a market cap of $150.58 billion, a PE ratio of 35.58, a PEG ratio of 0.92 and a beta of 1.34. 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, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

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.