117,239 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 117,239 shares of the ride-sharing company's stock, valued at approximately $8,812,000.

Other hedge funds also recently made changes to their positions in the company. CENTRAL TRUST Co increased its stake in shares of Uber Technologies by 12.3% during the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company's stock worth $87,000 after purchasing an additional 127 shares in the last quarter. Procyon Advisors LLC grew its stake in shares of Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company's stock valued at $476,000 after buying an additional 131 shares during the period. DT Investment Partners LLC lifted its holdings in shares of Uber Technologies by 21.4% during the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company's stock valued at $62,000 after acquiring an additional 145 shares in the last quarter. Jmac Enterprises LLC lifted its position in shares of Uber Technologies by 2.1% during the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company's stock worth $552,000 after purchasing an additional 150 shares during the last quarter. Finally, Wealthspire Advisors LLC raised its stake in Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company's stock worth $1,809,000 after acquiring an additional 151 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded up $0.49 during trading hours on Wednesday, reaching $69.62. 16,645,781 shares of the stock traded hands, compared to its average volume of 18,310,824. The company has a 50 day moving average price of $75.47 and a 200 day moving average price of $71.11. The firm has a market capitalization of $146.60 billion, a price-to-earnings ratio of 34.53, a P/E/G ratio of 0.73 and a beta of 1.34. 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, Inc. has a one year low of $53.89 and a one year high of $87.00.

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

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the 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 transaction, the insider now owns 127,352 shares of the company's stock, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 3.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UBER. JMP Securities raised their target price on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Daiwa Capital Markets downgraded shares of Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price target for the company. in a research note on Thursday, October 17th. The Goldman Sachs Group boosted their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. UBS Group upped their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the company a "buy" rating in a report on Friday, October 18th. Finally, 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 report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $90.32.

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.