Greystone Financial Group LLC Has $791,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Greystone Financial Group LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,530 shares of the ride-sharing company’s stock after acquiring an additional 988 shares during the quarter. Greystone Financial Group LLC’s holdings in Uber Technologies were worth $791,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. CENTRAL TRUST Co lifted its position in shares of Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after acquiring an additional 127 shares in the last quarter. Beese Fulmer Investment Management Inc. purchased a new position in shares of Uber Technologies during the 3rd quarter valued at about $204,000. Romano Brothers AND Company grew its position in Uber Technologies by 12.7% during the 3rd quarter. Romano Brothers AND Company now owns 3,562 shares of the ride-sharing company’s stock worth $268,000 after acquiring an additional 400 shares during the last quarter. Brighton Jones LLC grew its position in Uber Technologies by 1.8% during the 3rd quarter. Brighton Jones LLC now owns 71,986 shares of the ride-sharing company’s stock worth $5,410,000 after acquiring an additional 1,284 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in Uber Technologies by 6,256.7% during the 3rd quarter. International Assets Investment Management LLC now owns 595,117 shares of the ride-sharing company’s stock worth $44,729,000 after acquiring an additional 585,755 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other 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 completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $79.83 on Thursday. The company has a market capitalization of $167.72 billion, a P/E ratio of 87.73, a PEG ratio of 1.40 and a beta of 1.33. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The business has a 50 day simple moving average of $74.87 and a 200-day simple moving average of $70.76. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UBER shares. Jefferies Financial Group lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday. Truist Financial lifted their price objective on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. Raymond James assumed coverage on Uber Technologies in a research note on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. Finally, Oppenheimer lifted their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Six equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $88.86.

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.