Oppenheimer & Co. Inc. Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Oppenheimer & Co. Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 195,946 shares of the ride-sharing company’s stock after purchasing an additional 34,759 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Uber Technologies were worth $14,727,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in UBER. CENTRAL TRUST Co raised its stake in Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after purchasing an additional 127 shares in the last quarter. Procyon Advisors LLC increased its stake in Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after acquiring an additional 131 shares during the last quarter. DT Investment Partners LLC boosted its holdings in shares of Uber Technologies by 21.4% in the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after purchasing an additional 145 shares during the period. Jmac Enterprises LLC lifted its holdings in shares of Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after acquiring an additional 150 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after acquiring an additional 151 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Stock Down 0.5 %

Shares of NYSE UBER traded down $0.36 during mid-day trading on Wednesday, hitting $71.01. The company had a trading volume of 1,356,845 shares, compared to its average volume of 18,094,396. The company has a market capitalization of $149.53 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The business’s 50-day simple moving average is $75.42 and its 200 day simple moving average is $70.99. Uber Technologies, Inc. has a 1-year low of $52.39 and a 1-year high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating 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 quarter last year, the business posted $0.10 EPS. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on UBER. Roth Mkm increased their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. TD Cowen boosted their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. JMP Securities raised their price objective on Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Royal Bank of Canada boosted their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, BMO Capital Markets restated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Six investment 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Company 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.