Cibc World Market Inc. Has $41.87 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Cibc World Market Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 49.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 694,081 shares of the ride-sharing company's stock after purchasing an additional 229,083 shares during the quarter. Cibc World Market Inc.'s holdings in Uber Technologies were worth $41,867,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of UBER. Truist Financial Corp grew its stake in shares of Uber Technologies by 4.4% in the second quarter. Truist Financial Corp now owns 490,554 shares of the ride-sharing company's stock worth $35,653,000 after purchasing an additional 20,815 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in Uber Technologies during the second quarter valued at $13,836,000. Anchor Investment Management LLC boosted its position in Uber Technologies by 2.5% during the second quarter. Anchor Investment Management LLC now owns 30,963 shares of the ride-sharing company's stock valued at $2,250,000 after acquiring an additional 748 shares during the last quarter. Centaurus Financial Inc. boosted its position in Uber Technologies by 59.2% during the second quarter. Centaurus Financial Inc. now owns 14,266 shares of the ride-sharing company's stock valued at $1,037,000 after acquiring an additional 5,307 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV boosted its position in Uber Technologies by 11.3% during the third quarter. Massmutual Trust Co. FSB ADV now owns 30,195 shares of the ride-sharing company's stock valued at $2,269,000 after acquiring an additional 3,075 shares during the last quarter. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 0.2 %

Uber Technologies stock opened at $66.59 on Friday. The firm has a 50 day moving average price of $65.77 and a 200-day moving average price of $70.17. The company has a market capitalization of $140.21 billion, a P/E ratio of 33.13, a P/E/G ratio of 0.77 and a beta of 1.36. Uber Technologies, Inc. has a twelve month low of $54.84 and a twelve month high of $87.00. 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 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 1.85 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value 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 trade represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UBER. Gordon Haskett raised shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 price target on the stock in a research report on Thursday, October 31st. Wells Fargo & Company cut their price target on shares of Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a research report on Friday, November 1st. Tigress Financial upped their price target on shares of Uber Technologies from $96.00 to $103.00 and gave the company a "buy" rating in a research report on Monday, November 25th. Needham & Company LLC reissued a "buy" rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday. Finally, 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 report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $91.08.

Uber Technologies 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.

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