CreativeOne Wealth LLC Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

CreativeOne Wealth LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,428 shares of the ride-sharing company’s stock after buying an additional 4,112 shares during the period. CreativeOne Wealth LLC’s holdings in Uber Technologies were worth $2,212,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. BNP Paribas boosted its position in Uber Technologies by 31.7% during the third quarter. BNP Paribas now owns 171,173 shares of the ride-sharing company’s stock worth $12,871,000 after purchasing an additional 41,173 shares during the period. Blueshift Asset Management LLC boosted its position in Uber Technologies by 8.8% during the third quarter. Blueshift Asset Management LLC now owns 17,593 shares of the ride-sharing company’s stock worth $1,322,000 after purchasing an additional 1,423 shares during the period. Glenmede Trust Co. NA boosted its position in Uber Technologies by 29.5% during the third quarter. Glenmede Trust Co. NA now owns 24,941 shares of the ride-sharing company’s stock worth $1,875,000 after purchasing an additional 5,684 shares during the period. Soros Capital Management LLC boosted its position in Uber Technologies by 1,446.3% during the third quarter. Soros Capital Management LLC now owns 140,373 shares of the ride-sharing company’s stock worth $10,550,000 after purchasing an additional 131,295 shares during the period. Finally, Townsquare Capital LLC boosted its position in Uber Technologies by 40.8% during the third quarter. Townsquare Capital LLC now owns 28,093 shares of the ride-sharing company’s stock worth $2,111,000 after purchasing an additional 8,135 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the sale, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Thursday, October 31st. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Loop Capital raised their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Bank of America raised their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research report on Wednesday, October 23rd. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. Six 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 stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.51.

Uber Technologies Stock Performance

NYSE:UBER opened at $71.62 on Friday. The stock has a market cap of $150.81 billion, a P/E ratio of 35.63, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm’s fifty day simple moving average is $75.38 and its 200 day simple moving average is $71.20. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 released its quarterly earnings results 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 business 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 firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 earnings per share. As a group, research analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current 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.