Pathstone Holdings LLC Acquires 88,166 Shares of Uber Technologies, Inc. (NYSE:UBER)

Pathstone Holdings LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 11.4% during the third quarter, HoldingsChannel.com reports. The fund owned 861,507 shares of the ride-sharing company’s stock after buying an additional 88,166 shares during the quarter. Pathstone Holdings LLC’s holdings in Uber Technologies were worth $64,751,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. GHP Investment Advisors Inc. lifted its stake in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the last quarter. WR Wealth Planners LLC grew its stake in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares during the period. MCF Advisors LLC increased its holdings in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Founders Capital Management bought a new stake in Uber Technologies in the 2nd quarter valued at about $33,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in Uber Technologies during the second quarter valued at about $36,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Truist Financial reduced their target price on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Thursday, October 17th. Wells Fargo & Company cut their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Monday, October 7th. Finally, Citigroup increased their price objective on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Stock Down 5.3 %

UBER opened at $69.34 on Tuesday. The company has a market cap of $146.01 billion, a P/E ratio of 34.50, a P/E/G ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 12 month low of $53.76 and a 12 month high of $87.00. The business’s 50-day moving average price is $75.48 and its 200-day moving average price is $71.10. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70.

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

Insider Activity

In related 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 completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 3.80% of the company’s stock.

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.