Winslow Asset Management Inc. Purchases 475 Shares of Uber Technologies, Inc. (NYSE:UBER)

Winslow Asset Management Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.3% during the third quarter, Holdings Channel.com reports. The firm owned 153,143 shares of the ride-sharing company’s stock after purchasing an additional 475 shares during the period. Uber Technologies accounts for 2.1% of Winslow Asset Management Inc.’s holdings, making the stock its 13th biggest position. Winslow Asset Management Inc.’s holdings in Uber Technologies were worth $11,510,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Ascent Wealth Partners LLC purchased a new stake in shares of Uber Technologies in the third quarter worth approximately $2,087,000. Aptus Capital Advisors LLC raised its position in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares during the last quarter. Lederer & Associates Investment Counsel CA purchased a new stake in Uber Technologies in the 3rd quarter valued at $799,000. Samlyn Capital LLC bought a new position in Uber Technologies during the 2nd quarter valued at $134,987,000. Finally, AIA Group Ltd boosted its holdings in Uber Technologies by 41.2% during the 3rd quarter. AIA Group Ltd now owns 37,293 shares of the ride-sharing company’s stock worth $2,803,000 after acquiring an additional 10,875 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies 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 value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at $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 available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Citigroup raised their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. UBS Group boosted their target price on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. The Goldman Sachs Group increased their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective on the stock. Finally, Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Trading Down 0.5 %

Shares of UBER opened at $71.65 on Tuesday. 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, Inc. has a 1-year low of $50.72 and a 1-year high of $87.00. The company has a market capitalization of $150.87 billion, a P/E ratio of 35.65, a P/E/G ratio of 0.72 and a beta of 1.34. The firm’s 50 day simple moving average is $75.42 and its 200 day simple moving average is $70.99.

Uber Technologies (NYSE:UBER) last posted 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. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter last year, the company posted $0.10 EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share 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.