Fifth Third Wealth Advisors LLC Acquires 3,053 Shares of Uber Technologies, Inc. (NYSE:UBER)

Fifth Third Wealth Advisors LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,681 shares of the ride-sharing company’s stock after purchasing an additional 3,053 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in Uber Technologies were worth $2,231,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Acadian Asset Management LLC lifted its position in shares of Uber Technologies by 39.5% during the 1st quarter. Acadian Asset Management LLC now owns 84,298 shares of the ride-sharing company’s stock valued at $6,484,000 after acquiring an additional 23,851 shares during the period. Hillsdale Investment Management Inc. acquired a new position in shares of Uber Technologies during the first quarter valued at about $62,000. Bessemer Group Inc. boosted its position in shares of Uber Technologies by 73.5% during the 1st quarter. Bessemer Group Inc. now owns 32,769 shares of the ride-sharing company’s stock worth $2,523,000 after purchasing an additional 13,887 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Uber Technologies by 21.7% in the 1st quarter. National Bank of Canada FI now owns 734,008 shares of the ride-sharing company’s stock valued at $56,511,000 after buying an additional 131,091 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Uber Technologies in the 1st quarter valued at about $599,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 5.3 %

Shares of NYSE UBER opened at $69.34 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. The stock has a market capitalization of $146.01 billion, a PE ratio of 34.50, a P/E/G ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a one year low of $53.76 and a one year high of $87.00. The business’s fifty day moving average price is $75.48 and its 200-day moving average price is $71.10.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS 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 the consensus estimate 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on UBER shares. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Thursday, October 31st. Bank of America lifted their price target 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. Benchmark restated a “hold” rating on shares of Uber Technologies in a 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 note on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Six equities research 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 company’s stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.32.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.80% of the stock is owned by insiders.

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.