6 hours Ago By Defense World Staff
Massmutual Trust Co. FSB ADV boosted its holdings in shares of Uber Technologies, Inc. ( NYSE:UBER – Free Report ) by 11.
3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,195 shares of the ride-sharing company’s stock after buying an additional 3,075 shares during the quarter. Massmutual Trust Co.
FSB ADV’s holdings in Uber Technologies were worth $2,269,000 as of its most recent SEC filing. A number of other hedge funds also recently added to or reduced their stakes in the business. Wealthspire Advisors LLC lifted its holdings in Uber Technologies by 0.
6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after buying an additional 151 shares in the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Uber Technologies by 3.
3% in the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after purchasing an additional 157 shares in the last quarter. Wellington Shields Capital Management LLC raised its holdings in shares of Uber Technologies by 6.
1% in the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after purchasing an additional 159 shares in the last quarter. Industrial Alliance Investment Management Inc.
raised its holdings in shares of Uber Technologies by 3.2% in the 1st quarter. Industrial Alliance Investment Management Inc.
now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 160 shares in the last quarter. Finally, Quent Capital LLC raised its holdings in shares of Uber Technologies by 6.6% in the 1st quarter.
Quent Capital LLC now owns 2,732 shares of the ride-sharing company’s stock valued at $210,000 after purchasing an additional 170 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes Several equities research analysts recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday.
Bank of America reiterated a “buy” rating and set a $88.00 price target on shares of Uber Technologies in a research note on Friday, August 23rd. TD Cowen raised their price objective on shares of Uber Technologies from $88.
00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reissued an “outperform” rating and set a $80.
00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. Finally, Roth Mkm raised their price objective on shares of Uber Technologies from $89.00 to $90.
00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.
com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $87.81. Uber Technologies Price Performance Uber Technologies stock opened at $72.
95 on Friday. Uber Technologies, Inc. has a 1 year low of $40.
09 and a 1 year high of $82.14. The firm has a 50 day moving average price of $70.
82 and a 200 day moving average price of $70.59. The company has a market cap of $152.
43 billion, a price-to-earnings ratio of 117.66, a PEG ratio of 1.32 and a beta of 1.
33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.
21 and a current ratio of 1.21. Uber Technologies ( NYSE:UBER – Get Free Report ) last released its earnings results on Tuesday, August 6th.
The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.
16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.
06%. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.
57 billion. During the same period in the previous year, the firm earned $0.18 earnings per share.
Uber Technologies’s revenue was up 15.9% compared to the same quarter last year. Sell-side analysts predict that Uber Technologies, Inc.
will post 1.04 earnings per share for the current year. Insiders Place Their Bets In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th.
The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00.
Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The transaction was disclosed in a legal filing with the SEC, which is available through this link .
In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on 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 transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website .
Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.
00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74.
The disclosure for this sale can be found here . 3.84% of the stock is owned by insiders.
Uber Technologies Profile ( Free Report ) 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.
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