Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Moloney Securities Asset Management LLC

Moloney Securities Asset Management LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.7% during the third quarter, HoldingsChannel reports. The fund owned 25,079 shares of the ride-sharing company’s stock after purchasing an additional 170 shares during the period. Moloney Securities Asset Management LLC’s holdings in Uber Technologies were worth $1,885,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB lifted its position in shares of Uber Technologies by 6.3% during the 1st quarter. Nordea Investment Management AB now owns 135,017 shares of the ride-sharing company’s stock worth $10,494,000 after buying an additional 8,048 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in Uber Technologies by 21.5% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 46,741 shares of the ride-sharing company’s stock valued at $3,599,000 after acquiring an additional 8,276 shares during the last quarter. Wellington Shields Capital Management LLC boosted its stake in Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after acquiring an additional 159 shares in the last quarter. Callan Capital LLC purchased a new position in shares of Uber Technologies during the first quarter worth about $335,000. Finally, Mediolanum International Funds Ltd acquired a new stake in shares of Uber Technologies during the first quarter worth about $5,550,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on UBER shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday, October 7th. KeyCorp decreased their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a report 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 note on Thursday, October 31st. Finally, Truist Financial dropped their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.22.

Uber Technologies Stock Performance

Shares of UBER stock opened at $73.25 on Tuesday. The stock has a market cap of $153.89 billion, a P/E ratio of 36.44, a P/E/G ratio of 1.22 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a fifty-two week low of $46.68 and a fifty-two week high of $87.00. The business has a fifty day simple moving average of $75.37 and a 200-day simple moving average of $70.86.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The company 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%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, analysts forecast that Uber Technologies, Inc. will post 1.09 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s 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 transaction, 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 SEC, which is accessible through this link. 3.80% of the stock is owned by corporate insiders.

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.