Investment Research & Advisory Group Inc. Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Investment Research & Advisory Group Inc. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,561 shares of the ride-sharing company’s stock after buying an additional 231 shares during the quarter. Uber Technologies comprises 1.8% of Investment Research & Advisory Group Inc.’s investment portfolio, making the stock its 13th biggest position. Investment Research & Advisory Group Inc.’s holdings in Uber Technologies were worth $4,326,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD increased its position in shares of Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after buying an additional 9,996,508 shares during the period. GQG Partners LLC grew its stake in Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares in the last quarter. Allen Investment Management LLC increased its holdings in Uber Technologies by 2,956.5% during the 1st quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock worth $410,995,000 after acquiring an additional 5,163,635 shares during the period. Vanguard Group Inc. lifted its stake in Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after purchasing an additional 3,623,951 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in 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. 80.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent analyst reports. UBS Group increased their price objective on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Evercore ISI raised their price target on Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Truist Financial raised their target price on shares of Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, JMP Securities lifted their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $88.86.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $78.39 on Friday. The company has a market cap of $164.69 billion, a PE ratio of 86.14, a P/E/G ratio of 1.40 and a beta of 1.33. The business has a 50 day moving average of $74.98 and a 200 day moving average of $70.81. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the company posted $0.18 EPS. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred 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 transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is currently owned by company 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.