Farther Finance Advisors LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Farther Finance Advisors LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 11.5% during the third quarter, HoldingsChannel reports. The firm owned 16,693 shares of the ride-sharing company’s stock after purchasing an additional 1,724 shares during the period. Farther Finance Advisors LLC’s holdings in Uber Technologies were worth $1,255,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% in 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 in the last quarter. GQG Partners LLC lifted its stake in Uber Technologies by 74.1% in the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares in the last quarter. Allen Investment Management LLC boosted its holdings in shares of Uber Technologies by 2,956.5% during the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock worth $410,995,000 after purchasing an additional 5,163,635 shares during the last quarter. Vanguard Group Inc. grew its position in shares of 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 valued at $13,184,793,000 after purchasing an additional 3,623,951 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after purchasing an additional 3,179,308 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’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 transaction of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $73.25 on Monday. The stock has a market cap of $153.89 billion, a P/E ratio of 36.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34. The company has a fifty day simple moving average of $75.36 and a 200-day simple moving average of $70.85. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12-month low of $45.25 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last released 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 analysts’ expectations of $10.99 billion. During the same period in the prior year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities analysts expect that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on UBER. Evercore ISI upped their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday. UBS Group raised their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. JMP Securities boosted their target price on shares of Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a report on Friday. Citigroup raised their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Raymond James began coverage on Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective on the stock. 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 company. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.22.

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.