Means Investment CO. Inc. Acquires 5,777 Shares of Uber Technologies, Inc. (NYSE:UBER)

Means Investment CO. Inc. raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 99,446 shares of the ride-sharing company’s stock after acquiring an additional 5,777 shares during the period. Uber Technologies makes up 0.8% of Means Investment CO. Inc.’s holdings, making the stock its 23rd largest position. Means Investment CO. Inc.’s holdings in Uber Technologies were worth $7,474,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its holdings in Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after purchasing an additional 9,996,508 shares during the period. GQG Partners LLC boosted its position in shares of Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares in the last quarter. Allen Investment Management LLC grew its holdings in shares of Uber Technologies by 2,956.5% in the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after buying an additional 5,163,635 shares during the period. Vanguard Group Inc. increased its position in shares of Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after buying an additional 3,623,951 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after buying an additional 3,179,308 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $79.16 on Friday. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a market capitalization of $165.41 billion, a price-to-earnings ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33. The company has a 50-day simple moving average of $74.30 and a 200 day simple moving average of $70.67. 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) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 earnings per share. On average, sell-side analysts predict that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on 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 completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UBER. Melius Research began 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 increased their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Roth Mkm lifted their price target on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Cantor Fitzgerald restated 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-one have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.51.

Uber Technologies 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.