Lewis Asset Management LLC Takes $960,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Lewis Asset Management LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,770 shares of the ride-sharing company’s stock, valued at approximately $960,000.

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

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the subject of a number of research reports. KeyCorp decreased their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Royal Bank of Canada raised their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Finally, Loop Capital boosted their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Price Performance

NYSE UBER opened at $73.12 on Friday. The company has a 50 day moving average price of $75.47 and a two-hundred day moving average price of $70.93. Uber Technologies, Inc. has a 12-month low of $48.90 and a 12-month high of $87.00. The stock has a market capitalization of $153.97 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 0.74 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 (NYSE:UBER) last issued its quarterly earnings data 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. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm 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 company posted $0.10 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. As a group, equities 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.