Financial Counselors Inc. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Financial Counselors Inc. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 7,726 shares of the ride-sharing company’s stock, valued at approximately $581,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Public Sector Pension Investment Board grew its position in Uber Technologies by 1.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 926,308 shares of the ride-sharing company’s stock worth $69,621,000 after acquiring an additional 11,700 shares during the last quarter. Fiduciary Trust Co raised its position in Uber Technologies by 7.2% in the third quarter. Fiduciary Trust Co now owns 4,730 shares of the ride-sharing company’s stock valued at $356,000 after purchasing an additional 319 shares during the last quarter. MayTech Global Investments LLC acquired a new stake in shares of Uber Technologies during the third quarter valued at about $13,214,000. CreativeOne Wealth LLC grew its holdings in shares of Uber Technologies by 16.2% during the third quarter. CreativeOne Wealth LLC now owns 29,428 shares of the ride-sharing company’s stock worth $2,212,000 after purchasing an additional 4,112 shares during the last quarter. Finally, BNP Paribas increased its stake in shares of Uber Technologies by 31.7% in the third quarter. BNP Paribas now owns 171,173 shares of the ride-sharing company’s stock valued at $12,871,000 after buying an additional 41,173 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 0.5 %

Uber Technologies stock opened at $71.96 on Friday. The firm has a market capitalization of $151.53 billion, a price-to-earnings ratio of 35.80, a price-to-earnings-growth ratio of 0.89 and a beta of 1.34. The firm’s fifty day moving average price is $75.34 and its two-hundred day moving average price is $71.29. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. 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 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $10.99 billion. During the same period in the previous year, the company posted $0.10 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies 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 transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. The trade was a 20.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the topic of several recent research reports. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. Citigroup lifted their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Friday, October 11th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Finally, Royal Bank of Canada upped their price target on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.51.

About Uber Technologies

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.