Aviso Wealth Management Makes New $2.30 Million Investment in Uber Technologies, Inc. (NYSE:UBER)

Aviso Wealth Management purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the third quarter, according to its most recent filing with the SEC. The fund purchased 30,623 shares of the ride-sharing company's stock, valued at approximately $2,302,000. Uber Technologies comprises 1.2% of Aviso Wealth Management's portfolio, making the stock its 15th biggest position.

Other institutional investors have also recently added to or reduced their stakes in the company. GLOBALT Investments LLC GA raised its position in Uber Technologies by 0.5% during the third quarter. GLOBALT Investments LLC GA now owns 54,553 shares of the ride-sharing company's stock valued at $4,100,000 after buying an additional 289 shares during the period. Aljian Capital Management LLC acquired a new position in Uber Technologies during the third quarter valued at $1,214,000. Swiss National Bank raised its position in Uber Technologies by 0.6% during the third quarter. Swiss National Bank now owns 5,581,800 shares of the ride-sharing company's stock valued at $419,528,000 after buying an additional 35,200 shares during the period. WIM INVESTMENT MANAGEMENT Ltd acquired a new position in Uber Technologies during the third quarter valued at $15,490,000. Finally, Tower Bridge Advisors acquired a new position in Uber Technologies during the third quarter valued at $338,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the topic of several recent analyst reports. Oppenheimer upped their price target on Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a research report on Friday, September 27th. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, November 1st. Loop Capital raised their price target on Uber Technologies from $84.00 to $86.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Raymond James began coverage on Uber Technologies in a research report on Tuesday, September 24th. They issued a "strong-buy" rating and a $90.00 price objective on the stock. Finally, Citigroup increased their price objective on Uber Technologies from $96.00 to $98.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. 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. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $90.32.

Uber Technologies Stock Down 5.4 %

NYSE:UBER traded down $3.94 on Monday, hitting $69.31. The stock had a trading volume of 33,686,242 shares, compared to its average volume of 18,248,680. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market cap of $145.95 billion, a P/E ratio of 33.89, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 1 year low of $53.76 and a 1 year high of $87.00. The firm's fifty day simple moving average is $75.48 and its two-hundred day simple moving average is $71.10.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS 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 company's revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. Analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The shares were 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 trade represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company's stock.

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.