Commerce Bank Has $74.15 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Commerce Bank boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 986,491 shares of the ride-sharing company's stock after acquiring an additional 45,650 shares during the quarter. Commerce Bank's holdings in Uber Technologies were worth $74,145,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Capital Research Global Investors grew its stake in shares of Uber Technologies by 8.2% during the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company's stock valued at $3,075,562,000 after purchasing an additional 3,019,431 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock worth $2,804,437,000 after buying an additional 9,996,508 shares during the last quarter. Legal & General Group Plc raised its stake in Uber Technologies by 1.6% in the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock worth $1,107,529,000 after purchasing an additional 237,976 shares in the last quarter. Clearbridge Investments LLC raised its stake in Uber Technologies by 9.6% in the 2nd quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company's stock worth $889,956,000 after purchasing an additional 1,076,876 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock worth $864,390,000 after purchasing an additional 3,179,308 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 transaction, the insider now directly owns 127,352 shares of the company's stock, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 3.80% of the company's stock.

Uber Technologies Stock Performance

Shares of UBER traded up $0.09 during mid-day trading on Wednesday, reaching $69.22. The company had a trading volume of 9,796,231 shares, compared to its average volume of 18,280,414. Uber Technologies, Inc. has a 52-week low of $53.89 and a 52-week high of $87.00. The stock has a market capitalization of $145.76 billion, a P/E ratio of 34.53, a PEG ratio of 0.73 and a beta of 1.34. The stock has a 50 day moving average of $75.47 and a two-hundred day moving average of $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 posted its quarterly earnings results 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 firm had revenue of $11.19 billion for 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%. Uber Technologies's quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. On average, analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on UBER. JMP Securities increased their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Morgan Stanley raised their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, July 23rd. Benchmark restated a "hold" rating on shares of Uber Technologies in a research report on Friday, November 1st. DA Davidson raised their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a "buy" rating in a research note on Wednesday, November 6th. Finally, Evercore ISI increased their target price 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. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.