Advisors Asset Management Inc. Acquires 31,484 Shares of Uber Technologies, Inc. (NYSE:UBER)

Advisors Asset Management Inc. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 32.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,929 shares of the ride-sharing company's stock after buying an additional 31,484 shares during the period. Advisors Asset Management Inc.'s holdings in Uber Technologies were worth $9,690,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of UBER. SCP Investment LP boosted its holdings in Uber Technologies by 11.1% in the third quarter. SCP Investment LP now owns 350,000 shares of the ride-sharing company's stock worth $26,306,000 after purchasing an additional 35,000 shares during the last quarter. Commerce Bank grew its holdings in shares of Uber Technologies by 4.9% in the third quarter. Commerce Bank now owns 986,491 shares of the ride-sharing company's stock worth $74,145,000 after acquiring an additional 45,650 shares during the period. MWA Asset Management increased its position in Uber Technologies by 29.6% during the third quarter. MWA Asset Management now owns 3,777 shares of the ride-sharing company's stock valued at $284,000 after acquiring an additional 863 shares during the last quarter. Prospera Private Wealth LLC boosted its position in Uber Technologies by 371.0% in the third quarter. Prospera Private Wealth LLC now owns 16,235 shares of the ride-sharing company's stock worth $1,220,000 after purchasing an additional 12,788 shares during the last quarter. Finally, West Family Investments Inc. grew its stake in shares of Uber Technologies by 42.0% during the 3rd quarter. West Family Investments Inc. now owns 5,792 shares of the ride-sharing company's stock valued at $435,000 after purchasing an additional 1,714 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UBER shares. Evercore ISI increased their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. KeyCorp decreased their price target on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Citigroup boosted their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. DA Davidson raised their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a report on Wednesday, November 6th. Finally, Bank of America lifted their target price on Uber Technologies from $88.00 to $96.00 and gave the company a "buy" rating in a research report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.32.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the company's stock in a transaction 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 directly owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 0.7 %

UBER opened at $69.62 on Thursday. Uber Technologies, Inc. has a 52 week low of $53.89 and a 52 week high of $87.00. The company has a market capitalization of $146.60 billion, a P/E ratio of 34.64, a PEG ratio of 0.69 and a beta of 1.34. The stock's fifty day moving average is $75.47 and its two-hundred day moving average is $71.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.79. The company 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 firm's revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.10 earnings per share. Analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

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.

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