Uber Technologies, Inc. (NYSE:UBER) Holdings Lifted by Angeles Wealth Management LLC

Angeles Wealth Management LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 33.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,417 shares of the ride-sharing company’s stock after buying an additional 2,111 shares during the period. Angeles Wealth Management LLC’s holdings in Uber Technologies were worth $633,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Vanguard Group Inc. increased its holdings in Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after buying an additional 3,623,951 shares during the last quarter. Capital Research Global Investors increased its stake in shares of Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after purchasing an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after buying an additional 9,996,508 shares during the last quarter. GQG Partners LLC raised its stake in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after purchasing an additional 9,541,366 shares during the last quarter. Finally, Legal & General Group Plc grew its position in Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock worth $1,107,529,000 after purchasing an additional 237,976 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on UBER. Loop Capital raised their price objective on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Jefferies Financial Group increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Thursday, October 17th. Evercore ISI raised their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Melius Research began coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Six equities research 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. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $90.22.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

NYSE UBER traded up $1.20 during trading hours on Friday, hitting $73.25. 33,542,204 shares of the company’s stock traded hands, compared to its average volume of 18,874,420. Uber Technologies, Inc. has a 52 week low of $45.25 and a 52 week high of $87.00. The firm has a market capitalization of $153.89 billion, a P/E ratio of 36.44, a P/E/G ratio of 1.24 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average price is $75.36 and its two-hundred day moving average price is $70.85.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion for 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%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.10 earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 1.1 EPS for the current 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.