Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 117.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,893 shares of the ride-sharing company’s stock after buying an additional 5,342 shares during the period. Rehmann Capital Advisory Group’s holdings in Uber Technologies were worth $746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in UBER. Ascent Wealth Partners LLC acquired a new position in Uber Technologies during the third quarter valued at approximately $2,087,000. Teachers Retirement System of The State of Kentucky raised its stake in shares of Uber Technologies by 4.4% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares during the period. Aviso Wealth Management acquired a new position in shares of Uber Technologies during the 3rd quarter valued at $2,302,000. Brophy Wealth Management LLC purchased a new stake in Uber Technologies during the 3rd quarter worth $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in Uber Technologies by 9.8% in the 3rd 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 purchasing an additional 512,591 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UBER has been the topic of a number of recent research reports. Wells Fargo & Company reduced their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Thursday, October 31st. JMP Securities reaffirmed a “market outperform” rating and issued a $95.00 price objective on shares of Uber Technologies in a research report on Wednesday, December 4th. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Thursday, October 17th. Finally, Loop Capital upped their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.51.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $61.19 on Thursday. The firm has a fifty day moving average of $74.06 and a 200-day moving average of $71.42. The company has a market cap of $128.85 billion, a price-to-earnings ratio of 30.44, a price-to-earnings-growth ratio of 0.82 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. 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 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 during 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 quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.10 EPS. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current 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.