Uber Technologies, Inc. (NYSE:UBER) Holdings Cut by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC decreased its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 52,306 shares of the ride-sharing company’s stock after selling 2,522 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Uber Technologies were worth $3,931,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Omnia Family Wealth LLC raised its holdings in shares of Uber Technologies by 6.1% during the 3rd quarter. Omnia Family Wealth LLC now owns 4,005 shares of the ride-sharing company’s stock valued at $301,000 after purchasing an additional 231 shares in the last quarter. Palo Alto Wealth Advisors LLC raised its holdings in shares of Uber Technologies by 5.4% during the 3rd quarter. Palo Alto Wealth Advisors LLC now owns 7,800 shares of the ride-sharing company’s stock valued at $628,000 after purchasing an additional 400 shares in the last quarter. Lifeworks Advisors LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at $216,000. Intelligence Driven Advisers LLC raised its holdings in shares of Uber Technologies by 19.2% during the 3rd quarter. Intelligence Driven Advisers LLC now owns 6,352 shares of the ride-sharing company’s stock valued at $477,000 after purchasing an additional 1,023 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Uber Technologies by 3.9% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 53,132 shares of the ride-sharing company’s stock valued at $3,993,000 after purchasing an additional 1,976 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on UBER shares. Raymond James started coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target on the stock. Bank of America raised their price target 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. Jefferies Financial Group raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Evercore ISI raised their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Oppenheimer lifted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Trading Up 2.5 %

UBER opened at $73.26 on Friday. 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 company has a market cap of $154.26 billion, a price-to-earnings ratio of 36.45, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The firm has a 50 day simple moving average of $75.40 and a 200 day simple moving average of $71.01. Uber Technologies, Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Activity at Uber Technologies

In related 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 transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.84% of the company’s stock.

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.