Nwam LLC Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Nwam LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,559 shares of the ride-sharing company’s stock after buying an additional 562 shares during the period. Nwam LLC’s holdings in Uber Technologies were worth $794,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies in the 3rd quarter worth approximately $2,087,000. Aviso Wealth Management purchased a new stake in shares of Uber Technologies in the third quarter valued at $2,302,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Uber Technologies by 9.8% in the third 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 during the last quarter. Aptus Capital Advisors LLC lifted its position in Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 1,383 shares during the period. Finally, Lederer & Associates Investment Counsel CA acquired a new stake in Uber Technologies in the 3rd quarter worth about $799,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Up 2.7 %

NYSE:UBER opened at $71.51 on Friday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business has a fifty day moving average of $75.47 and a 200-day moving average of $71.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $150.58 billion, a price-to-earnings ratio of 35.58, a PEG ratio of 0.90 and a beta of 1.34.

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, beating 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 analyst estimates of $10.99 billion. During the same quarter in the prior year, the firm posted $0.10 EPS. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was 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 owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on UBER shares. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. KeyCorp decreased their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Roth Mkm boosted their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Truist Financial cut their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Evercore ISI boosted their price target on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

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.