The Manufacturers Life Insurance Company Purchases 11,190 Shares of Uber Technologies, Inc. (NYSE:UBER)

The Manufacturers Life Insurance Company lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,306,068 shares of the ride-sharing company’s stock after acquiring an additional 11,190 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Uber Technologies were worth $98,168,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. boosted its position in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares in the last quarter. WR Wealth Planners LLC boosted its position in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. MCF Advisors LLC grew its stake in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. Founders Capital Management bought a new position in Uber Technologies in the second quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Uber Technologies during the second quarter valued at about $36,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

NYSE:UBER opened at $71.64 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $150.85 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.34. The company has a 50 day moving average price of $75.45 and a 200-day moving average price of $71.20. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Tigress Financial upped their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research report on Monday. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. KeyCorp dropped their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Finally, Roth Mkm increased their price target on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.51.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the company’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 transaction of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a 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.