Cerity Partners LLC Has $32.33 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Cerity Partners LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 36.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 430,206 shares of the ride-sharing company’s stock after buying an additional 113,989 shares during the period. Cerity Partners LLC’s holdings in Uber Technologies were worth $32,334,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Great Valley Advisor Group Inc. boosted its holdings in shares of Uber Technologies by 11.5% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 44,611 shares of the ride-sharing company’s stock worth $3,353,000 after acquiring an additional 4,584 shares in the last quarter. Nicolet Advisory Services LLC grew its holdings in shares of Uber Technologies by 3.6% during the third quarter. Nicolet Advisory Services LLC now owns 5,660 shares of the ride-sharing company’s stock worth $413,000 after purchasing an additional 199 shares during the last quarter. Nwam LLC grew its holdings in shares of Uber Technologies by 5.6% during the third quarter. Nwam LLC now owns 10,559 shares of the ride-sharing company’s stock worth $794,000 after purchasing an additional 562 shares during the last quarter. Covenant Asset Management LLC raised its holdings in shares of Uber Technologies by 0.6% in the third quarter. Covenant Asset Management LLC now owns 53,651 shares of the ride-sharing company’s stock valued at $4,032,000 after buying an additional 337 shares during the last quarter. Finally, AlphaCore Capital LLC lifted its position in Uber Technologies by 1.4% during the 3rd quarter. AlphaCore Capital LLC now owns 12,231 shares of the ride-sharing company’s stock worth $919,000 after buying an additional 169 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 2.7 %

UBER stock opened at $71.51 on Monday. The business’s 50 day simple moving average is $75.47 and its 200 day simple moving average is $71.09. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm has a market capitalization of $150.58 billion, a PE ratio of 35.58, a PEG ratio of 0.92 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued 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 company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. As a group, research analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Thursday, October 31st. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a report on Thursday, October 17th. JMP Securities boosted their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, KeyCorp dropped their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were 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 approximately $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.80% of the company’s stock.

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.