BNP Paribas Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

BNP Paribas grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 31.7% during the third quarter, HoldingsChannel reports. The firm owned 171,173 shares of the ride-sharing company’s stock after purchasing an additional 41,173 shares during the quarter. BNP Paribas’ holdings in Uber Technologies were worth $12,871,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Ascent Wealth Partners LLC acquired a new position in shares of Uber Technologies in the 3rd quarter valued at $2,087,000. Aviso Wealth Management purchased a new position in shares of Uber Technologies in the 3rd quarter worth $2,302,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings 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 acquiring an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC grew 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 valued at $688,000 after acquiring an additional 1,383 shares during the period. Finally, Lederer & Associates Investment Counsel CA purchased a new position in shares of Uber Technologies in the 3rd quarter worth about $799,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.5 %

Uber Technologies stock opened at $71.56 on Wednesday. The firm has a 50-day moving average price of $75.49 and a two-hundred day moving average price of $71.20. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The firm has a market capitalization of $150.68 billion, a price-to-earnings ratio of 35.60, a PEG ratio of 0.91 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 the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on UBER shares. Oppenheimer boosted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Wells Fargo & Company dropped their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Bank of America boosted their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research report on Wednesday, October 23rd. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $90.51.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

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.