Allspring Global Investments Holdings LLC Purchases 51,665 Shares of Uber Technologies, Inc. (NYSE:UBER)

Allspring Global Investments Holdings LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,687,717 shares of the ride-sharing company's stock after purchasing an additional 51,665 shares during the period. Allspring Global Investments Holdings LLC owned 0.13% of Uber Technologies worth $202,009,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 245 shares during the last quarter. Financial Management Professionals Inc. increased its holdings in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock worth $29,000 after purchasing an additional 202 shares in the last quarter. WR Wealth Planners LLC raised its position in Uber Technologies by 563.9% in the second 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 during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Uber Technologies during the first quarter valued at about $32,000. Finally, MCF Advisors LLC grew its holdings in shares of Uber Technologies by 1,038.5% during the second 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 last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Melius began coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a "hold" rating and a $77.00 price objective for the company. 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. Citigroup increased their price objective on Uber Technologies from $96.00 to $98.00 and gave the company a "buy" rating in a report on Wednesday, August 7th. Morgan Stanley lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, July 23rd. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.51.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated 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 sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Down 0.9 %

UBER traded down $0.74 during midday trading on Friday, reaching $79.16. 14,186,721 shares of the company were exchanged, compared to its average volume of 16,200,843. The company has a market cap of $166.31 billion, a price-to-earnings ratio of 86.99, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $87.00. The company's fifty day moving average price is $74.30 and its 200 day moving average price is $70.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies's quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS. As a group, analysts expect that Uber Technologies, Inc. will post 1.08 EPS for the current year.

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.