Natixis Advisors LLC Has $54.14 Million Holdings in Uber Technologies, Inc. (NYSE:UBER)

Natixis Advisors LLC raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 720,279 shares of the ride-sharing company's stock after purchasing an additional 50,077 shares during the period. Natixis Advisors LLC's holdings in Uber Technologies were worth $54,136,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock valued at $26,000 after buying an additional 245 shares during the last quarter. WR Wealth Planners LLC lifted its stake in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. MCF Advisors LLC grew its holdings in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after purchasing an additional 405 shares during the period. Founders Capital Management acquired a new stake in Uber Technologies during the 2nd quarter worth approximately $33,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Uber Technologies in the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on UBER. Cantor Fitzgerald reissued an "overweight" rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Monday, October 7th. JMP Securities increased their price target on Uber Technologies from $80.00 to $95.00 and gave the company a "market outperform" rating in a report on Friday, November 1st. Melius assumed coverage on Uber Technologies in a research note on Monday, July 22nd. They set a "hold" rating and a $77.00 price objective on the stock. Truist Financial reduced their target price on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a research report on Friday, November 1st. Finally, Citigroup lifted their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a "buy" rating in a research note on Wednesday, August 7th. Six research 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's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $90.32.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $1.81 during mid-day trading on Friday, reaching $73.25. 23,980,917 shares of the company traded hands, compared to its average volume of 19,038,950. The stock has a fifty day simple moving average of $75.48 and a 200-day simple moving average of $71.08. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $154.24 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a fifty-two week low of $53.15 and a fifty-two week high of $87.00.

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

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction 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 of the company's stock, valued at $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 3.84% of the company's stock.

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.