Great Valley Advisor Group Inc. Has $3.35 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Great Valley Advisor Group Inc. raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,611 shares of the ride-sharing company’s stock after buying an additional 4,584 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Uber Technologies were worth $3,353,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UBER. Caxton Associates LP increased its position in shares of Uber Technologies by 126.0% during the first quarter. Caxton Associates LP now owns 13,483 shares of the ride-sharing company’s stock valued at $1,038,000 after purchasing an additional 7,517 shares during the period. Industrial Alliance Investment Management Inc. increased its position in shares of Uber Technologies by 3.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock valued at $398,000 after purchasing an additional 160 shares during the period. Sugar Maple Asset Management LLC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $510,000. California State Teachers Retirement System grew its position in Uber Technologies by 0.8% in the first quarter. California State Teachers Retirement System now owns 3,005,464 shares of the ride-sharing company’s stock valued at $231,391,000 after acquiring an additional 24,053 shares during the period. Finally, Redwood Investment Management LLC bought a new stake in Uber Technologies in the first quarter valued at $259,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 2.7 %

Shares of Uber Technologies stock opened at $71.51 on Monday. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The business has a 50-day moving average of $75.47 and a two-hundred day moving average of $71.09. The company has a market capitalization of $150.58 billion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 0.92 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on UBER shares. Roth Mkm upped their price target on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Citigroup upped their price target on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. The Goldman Sachs Group upped their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Royal Bank of Canada increased their target price on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Finally, Truist Financial decreased their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $90.32.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated 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 completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.80% of the stock is owned by corporate insiders.

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.