Farmers & Merchants Investments Inc. Grows Holdings in Uber Technologies, Inc. (NYSE:UBER)

Farmers & Merchants Investments Inc. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,850 shares of the ride-sharing company’s stock after acquiring an additional 510 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in Uber Technologies were worth $214,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in UBER. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% during the 1st 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 in the last quarter. GQG Partners LLC boosted 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 buying an additional 9,541,366 shares during the period. Allen Investment Management LLC boosted its stake in Uber Technologies by 2,956.5% during the first quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after buying an additional 5,163,635 shares during the period. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 2.2% during the first 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. increased its stake in Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on UBER shares. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Cantor Fitzgerald reissued an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a report on Friday, October 25th. Oppenheimer lifted their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Finally, Roth Mkm upped their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $88.86.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 sale, the insider now directly 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 Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $79.21 on Wednesday. The business’s fifty day moving average price is $75.17 and its two-hundred day moving average price is $70.78. The firm has a market capitalization of $166.42 billion, a PE ratio of 87.04, a P/E/G ratio of 1.33 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a 1-year low of $42.01 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.18 EPS. On average, research analysts expect that Uber Technologies, Inc. will post 1.1 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.