Sanders Morris Harris LLC Buys New Holdings in Uber Technologies, Inc. (NYSE:UBER)

Sanders Morris Harris LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) during the fourth quarter, HoldingsChannel reports. The firm purchased 23,500 shares of the ride-sharing company’s stock, valued at approximately $1,437,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ascent Wealth Partners LLC acquired a new position in shares of Uber Technologies during the 3rd quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Uber Technologies by 4.4% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after purchasing an additional 13,433 shares during the last quarter. Aviso Wealth Management bought a new position in shares of Uber Technologies in the third quarter valued at about $2,302,000. Brophy Wealth Management LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth about $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Uber Technologies by 9.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after buying an additional 512,591 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research analyst reports. Wells Fargo & Company reduced their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Loop Capital boosted their price target on Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Finally, DA Davidson upped their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Seven equities research 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 stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $91.53.

View Our Latest Stock Report on UBER

Uber Technologies Trading Up 1.4 %

NYSE:UBER opened at $67.93 on Thursday. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The firm’s fifty day moving average is $66.43 and its 200-day moving average is $70.41. The firm has a market cap of $143.04 billion, a P/E ratio of 33.80, a P/E/G ratio of 0.71 and a beta of 1.36. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the firm posted $0.10 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities analysts expect that Uber Technologies, Inc. will post 1.9 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale 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.

Uber Technologies Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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