Citizens Financial Group Inc. RI Has $8.42 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Citizens Financial Group Inc. RI increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 9.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,962 shares of the ride-sharing company's stock after buying an additional 9,353 shares during the period. Citizens Financial Group Inc. RI's holdings in Uber Technologies were worth $8,415,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. grew its stake in shares of Uber Technologies by 73.5% in the first quarter. Bessemer Group Inc. now owns 32,769 shares of the ride-sharing company's stock worth $2,523,000 after purchasing an additional 13,887 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Uber Technologies in the 1st quarter valued at about $599,000. LGT Group Foundation acquired a new stake in shares of Uber Technologies in the first quarter valued at about $77,000. CreativeOne Wealth LLC raised its position in shares of Uber Technologies by 162.6% during the first quarter. CreativeOne Wealth LLC now owns 21,327 shares of the ride-sharing company's stock worth $1,642,000 after acquiring an additional 13,206 shares during the last quarter. Finally, EP Wealth Advisors LLC lifted its stake in shares of Uber Technologies by 60.3% in the first quarter. EP Wealth Advisors LLC now owns 32,621 shares of the ride-sharing company's stock worth $2,511,000 after acquiring an additional 12,267 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Stock Performance

NYSE UBER opened at $69.62 on Thursday. The company has a market capitalization of $146.60 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 0.69 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 52-week low of $53.89 and a 52-week high of $87.00. The company has a 50-day simple moving average of $75.47 and a 200 day simple moving average of $71.11.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. KeyCorp lowered their price target on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating for the company in a report on Friday, November 1st. JMP Securities lifted their target price on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a "market outperform" rating in a research note on Friday, November 1st. DA Davidson boosted their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a "buy" rating in a report on Wednesday, November 6th. Cantor Fitzgerald reiterated an "overweight" rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Finally, Royal Bank of Canada raised their target price on Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.