National Bank of Canada FI Has $98.56 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

National Bank of Canada FI boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 47.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,311,375 shares of the ride-sharing company’s stock after acquiring an additional 422,969 shares during the quarter. National Bank of Canada FI owned 0.06% of Uber Technologies worth $98,563,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Ascent Wealth Partners LLC acquired a new position in Uber Technologies during the third quarter worth $2,087,000. Aviso Wealth Management bought a new stake in shares of Uber Technologies during the third quarter worth $2,302,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Uber Technologies by 9.8% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after purchasing an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of 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 purchasing an additional 1,383 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA bought a new stake in shares of Uber Technologies during the third quarter worth $799,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UBER has been the topic of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. Oppenheimer increased 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. Evercore ISI increased their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. 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 owned by insiders.

Uber Technologies Trading Up 1.3 %

NYSE UBER opened at $66.09 on Friday. The firm has a market cap of $139.17 billion, a P/E ratio of 32.88, a P/E/G ratio of 0.90 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock’s 50-day moving average is $74.66 and its 200-day moving average is $71.43. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. During the same quarter last year, the firm posted $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

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.