Ballentine Partners LLC Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Ballentine Partners LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,080 shares of the ride-sharing company’s stock after buying an additional 2,397 shares during the period. Ballentine Partners LLC’s holdings in Uber Technologies were worth $1,434,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its stake in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares during the period. Financial Management Professionals Inc. raised its position in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the period. WR Wealth Planners LLC lifted its holdings in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Uber Technologies during the first quarter valued at $32,000. Finally, MCF Advisors LLC grew its position in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on UBER shares. 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 note on Wednesday, August 7th. Melius started coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. Morgan Stanley increased their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Oppenheimer lifted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Finally, TD Cowen raised their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.86.

Uber Technologies Price Performance

UBER stock opened at $77.61 on Friday. The business’s fifty day moving average price is $75.09 and its 200 day moving average price is $70.83. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The company has a market capitalization of $162.17 billion, a PE ratio of 125.18, a P/E/G ratio of 1.40 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.08 EPS for the current year.

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.