Avitas Wealth Management LLC Has $3.96 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Avitas Wealth Management LLC lowered its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,700 shares of the ride-sharing company’s stock after selling 1,157 shares during the quarter. Avitas Wealth Management LLC’s holdings in Uber Technologies were worth $3,961,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased 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 acquiring an additional 3,623,951 shares during the last quarter. Capital Research Global Investors increased its position in shares of Uber Technologies by 8.2% during the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after purchasing an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Uber Technologies by 37.8% during the 1st 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 purchasing an additional 9,996,508 shares in the last quarter. GQG Partners LLC boosted its holdings in shares of 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 valued at $1,726,381,000 after buying an additional 9,541,366 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after buying an additional 237,976 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent analyst reports. JMP Securities increased their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. Raymond James started coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price for the company. Benchmark started coverage on Uber Technologies in a research report on Friday, October 25th. They set a “hold” rating on the stock. Melius assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, DA Davidson reissued a “buy” rating and set a $82.00 target price on shares of Uber Technologies in a report on Thursday, October 17th. Seven research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $88.86.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’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 completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER stock opened at $79.21 on Wednesday. The business has a fifty day simple moving average of $75.28 and a 200 day simple moving average of $70.81. The company has a market cap of $166.42 billion, a P/E ratio of 87.04, a P/E/G ratio of 1.33 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a twelve month low of $42.01 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.18 earnings per share. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

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.