State Street Corp lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.7% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 23,481,253 shares of the ride-sharing company’s stock after acquiring an additional 619,466 shares during the period. State Street Corp owned approximately 1.34% of Uber Technologies worth $856,596,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. CX Institutional purchased a new stake in shares of Uber Technologies during the third quarter worth approximately $27,000. Keebeck Wealth Management LLC purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $31,000. Front Row Advisors LLC increased its position in shares of Uber Technologies by 100.0% during the second quarter. Front Row Advisors LLC now owns 1,000 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 500 shares in the last quarter. Edge Wealth Management LLC increased its position in shares of Uber Technologies by 2,857.1% during the second quarter. Edge Wealth Management LLC now owns 1,035 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Berman Capital Advisors LLC increased its position in shares of Uber Technologies by 412.2% during the second quarter. Berman Capital Advisors LLC now owns 1,050 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 845 shares in the last quarter. Institutional investors and hedge funds own 67.75% of the company’s stock.
Shares of UBER stock opened at $48.43 on Friday. The stock has a fifty day moving average price of $39.15 and a 200 day moving average price of $34.58. The stock has a market cap of $85.42 billion, a PE ratio of -11.99 and a beta of 1.04. Uber Technologies, Inc. has a 1 year low of $13.71 and a 1 year high of $50.75. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.64 and a current ratio of 1.64.
Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, November 5th. The ride-sharing company reported ($0.62) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.60) by ($0.02). The firm had revenue of $3.13 billion for the quarter, compared to analyst estimates of $3.19 billion. Uber Technologies had a negative return on equity of 38.83% and a negative net margin of 50.99%. The business’s revenue for the quarter was down 20.0% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.68) earnings per share. As a group, equities research analysts predict that Uber Technologies, Inc. will post -3.82 earnings per share for the current year.
Several analysts have issued reports on the company. Oppenheimer restated a “buy” rating and issued a $47.00 target price on shares of Uber Technologies in a report on Thursday. Mizuho upped their target price on Uber Technologies from $47.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 6th. Barclays upped their target price on Uber Technologies from $43.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, November 9th. Stifel Nicolaus upped their price target on Uber Technologies from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Needham & Company LLC upped their price target on Uber Technologies from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Friday. Four research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Uber Technologies presently has a consensus rating of “Buy” and an average target price of $45.79.
In other Uber Technologies news, insider Tony West sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 30th. The stock was sold at an average price of $36.09, for a total transaction of $72,180.00. Following the completion of the transaction, the insider now owns 275,501 shares of the company’s stock, valued at $9,942,831.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 6,000 shares of company stock valued at $207,240. 8.66% of the stock is currently owned by insiders.
About Uber Technologies
Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.
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