Oppenheimer & Co. Inc. Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Oppenheimer & Co. Inc. raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 21.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 195,946 shares of the ride-sharing company’s stock after buying an additional 34,759 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Uber Technologies were worth $14,727,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of UBER. Souders Financial Advisors grew its holdings in shares of Uber Technologies by 1.2% in the 3rd quarter. Souders Financial Advisors now owns 17,227 shares of the ride-sharing company’s stock worth $1,295,000 after acquiring an additional 197 shares during the period. Aptus Capital Advisors LLC grew its holdings in Uber Technologies by 8.9% in the third quarter. Aptus Capital Advisors LLC now owns 10,315 shares of the ride-sharing company’s stock valued at $775,000 after purchasing an additional 847 shares during the last quarter. Aigen Investment Management LP purchased a new position in shares of Uber Technologies in the third quarter valued at $974,000. Savvy Advisors Inc. acquired a new position in shares of Uber Technologies during the 3rd quarter worth $206,000. Finally, Ashton Thomas Private Wealth LLC boosted its position in shares of Uber Technologies by 0.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 46,423 shares of the ride-sharing company’s stock worth $3,489,000 after buying an additional 402 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of NYSE:UBER traded down $0.36 during midday trading on Wednesday, reaching $71.01. 1,356,845 shares of the company’s stock were exchanged, compared to its average volume of 18,094,396. Uber Technologies, Inc. has a 12 month low of $52.39 and a 12 month high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $149.53 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company’s 50 day simple moving average is $75.42 and its two-hundred day simple moving average is $70.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results 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 analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’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. Equities research analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Daiwa Capital Markets downgraded shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a report on Thursday, October 17th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Jefferies Financial Group lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research report on Thursday, October 31st. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

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.