Uber Technologies, Inc. (NYSE:UBER) Shares Bought by HM Payson & Co.

HM Payson & Co. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 42.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,215 shares of the ride-sharing company’s stock after purchasing an additional 365 shares during the period. HM Payson & Co.’s holdings in Uber Technologies were worth $91,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. CENTRAL TRUST Co grew its position 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 worth $87,000 after buying an additional 127 shares during the period. Procyon Advisors LLC boosted its stake in shares of Uber Technologies by 2.1% during the 3rd 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 in the last quarter. DT Investment Partners LLC grew 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 acquiring an additional 145 shares during the period. Wealthspire Advisors LLC increased its stake in Uber Technologies by 0.6% in the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after purchasing an additional 151 shares in the last quarter. Finally, Wellington Shields Capital Management LLC raised its holdings in Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after purchasing an additional 159 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the topic of several research reports. The Goldman Sachs Group upped their target price on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Citigroup raised their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Melius began coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Finally, Jefferies Financial Group upped their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, October 22nd. Six 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. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.22.

Insider Transactions 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

UBER opened at $73.25 on Friday. The firm has a market capitalization of $153.89 billion, a P/E ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. The stock has a fifty day moving average of $75.36 and a 200-day moving average of $70.88. The company has a quick ratio of 1.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12-month low of $45.25 and a 12-month high of $87.00.

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, topping 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 period in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. Equities analysts forecast that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

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.