Uber Technologies, Inc. (NYSE:UBER) Holdings Lifted by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 18.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,381 shares of the ride-sharing company’s stock after acquiring an additional 2,546 shares during the period. Kingsview Wealth Management LLC’s holdings in Uber Technologies were worth $1,231,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UBER. Ameriprise Financial Inc. increased its holdings in shares of Uber Technologies by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after purchasing an additional 3,179,308 shares during the period. Edgewood Management LLC grew its position in Uber Technologies by 10.5% during the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares in the last quarter. AMF Tjanstepension AB acquired a new position in Uber Technologies in the 3rd quarter valued at approximately $163,468,000. Samlyn Capital LLC purchased a new stake in Uber Technologies in the 2nd quarter worth approximately $134,987,000. Finally, Ensign Peak Advisors Inc boosted its position in Uber Technologies by 64.9% during the second quarter. Ensign Peak Advisors Inc now owns 4,633,697 shares of the ride-sharing company’s stock valued at $336,777,000 after purchasing an additional 1,824,162 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other 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 sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UBER shares. DA Davidson raised their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Citigroup raised their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Monday, October 7th. Raymond James started coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target on the stock. Finally, JMP Securities upped their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating 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 issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.51.

Uber Technologies Stock Performance

NYSE UBER opened at $71.56 on Wednesday. The stock has a market cap of $150.68 billion, a P/E ratio of 35.60, a PEG ratio of 0.92 and a beta of 1.34. 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, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. The company’s 50-day simple moving average is $75.49 and its 200 day simple moving average is $71.20.

Uber Technologies (NYSE:UBER) last released 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 return on equity of 33.46% and a net margin of 10.49%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

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.