Grassi Investment Management Has $5.91 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Grassi Investment Management lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 97,925 shares of the ride-sharing company’s stock after buying an additional 500 shares during the period. Grassi Investment Management’s holdings in Uber Technologies were worth $5,907,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. GHP Investment Advisors Inc. boosted its stake in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the period. Thoroughbred Financial Services LLC increased its position in Uber Technologies by 49.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 22,503 shares of the ride-sharing company’s stock worth $1,635,000 after purchasing an additional 7,462 shares during the last quarter. Wealthspire Advisors LLC raised its stake in shares of Uber Technologies by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after purchasing an additional 151 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Uber Technologies by 13.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 3,583,121 shares of the ride-sharing company’s stock worth $260,421,000 after purchasing an additional 435,484 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Uber Technologies by 57.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 40,883 shares of the ride-sharing company’s stock valued at $2,971,000 after buying an additional 14,853 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

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

Uber Technologies Price Performance

UBER stock traded down $0.01 during trading on Monday, hitting $65.96. The company had a trading volume of 17,659,851 shares, compared to its average volume of 27,813,232. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a fifty day moving average price of $66.91 and a two-hundred day moving average price of $70.52. 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 market cap of $138.89 billion, a P/E ratio of 32.82, a P/E/G ratio of 0.75 and a beta of 1.36.

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

Wall Street Analyst Weigh In

UBER has been the topic of several recent research reports. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. KeyCorp decreased their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Raymond James assumed coverage on Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 target price on the stock. Finally, Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $91.53.

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.