109,675 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Tri Ri Asset Management Corp

Tri Ri Asset Management Corp acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, HoldingsChannel.com reports. The fund acquired 109,675 shares of the ride-sharing company’s stock, valued at approximately $8,243,000. Uber Technologies accounts for about 9.2% of Tri Ri Asset Management Corp’s portfolio, making the stock its largest holding.

Several other large investors have also recently made changes to their positions in UBER. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC grew its stake in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares during the period. MCF Advisors LLC grew its stake in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the period. Founders Capital Management purchased a new stake in Uber Technologies in the 2nd quarter worth about $33,000. Finally, Financial Management Professionals Inc. raised its stake in Uber Technologies by 104.1% in the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was 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 $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.0 %

Shares of UBER traded up $0.67 during trading hours on Thursday, hitting $70.27. The company had a trading volume of 8,535,520 shares, compared to its average volume of 18,259,209. The firm has a market cap of $147.97 billion, a P/E ratio of 34.64, a P/E/G ratio of 0.69 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. The stock’s 50 day moving average price is $75.46 and its 200 day moving average price is $71.10. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share 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 firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. On average, research analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of several recent research reports. KeyCorp reduced their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 1st. Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Royal Bank of Canada increased their target price on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities increased their price objective on Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $90.32.

About Uber Technologies

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.