CreativeOne Wealth LLC Purchases 4,112 Shares of Uber Technologies, Inc. (NYSE:UBER)

CreativeOne Wealth LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 16.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,428 shares of the ride-sharing company’s stock after purchasing an additional 4,112 shares during the period. CreativeOne Wealth LLC’s holdings in Uber Technologies were worth $2,212,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UBER. Ascent Wealth Partners LLC purchased a new position in Uber Technologies in the 3rd quarter worth about $2,087,000. Aviso Wealth Management purchased a new position in Uber Technologies in the 3rd quarter worth about $2,302,000. Sumitomo Mitsui Trust Group Inc. raised its position in Uber Technologies by 9.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after buying an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC raised its position in Uber Technologies by 17.1% in the 2nd 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 last quarter. Finally, Lederer & Associates Investment Counsel CA purchased a new position in Uber Technologies in the 3rd quarter worth about $799,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on UBER. Roth Mkm boosted their target price on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Raymond James began coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Thursday, October 31st. UBS Group upped their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research report on Friday, October 18th. Finally, KeyCorp reduced their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Six research 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.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.51.

Uber Technologies Trading Up 0.1 %

UBER stock opened at $71.62 on Friday. The firm has a market cap of $150.81 billion, a PE ratio of 35.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm has a fifty day moving average price of $75.38 and a 200 day moving average price of $71.20. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBER) last issued its quarterly 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 the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. 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.