Uber Technologies, Inc. (NYSE:UBER) Stake Raised by Venture Visionary Partners LLC

Venture Visionary Partners LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.7% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 68,974 shares of the ride-sharing company's stock after acquiring an additional 10,850 shares during the quarter. Venture Visionary Partners LLC's holdings in Uber Technologies were worth $5,184,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its stake in Uber Technologies by 2.2% during the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company's stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the last quarter. Capital Research Global Investors increased its position in Uber Technologies by 8.2% during the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company's stock worth $3,075,562,000 after purchasing an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD increased its position in 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 purchasing an additional 9,996,508 shares during the period. GQG Partners LLC increased its position in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company's stock worth $1,726,381,000 after purchasing an additional 9,541,366 shares during the period. Finally, Legal & General Group Plc increased its position in Uber Technologies by 1.6% during 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 during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 1.6 %

NYSE:UBER traded up $1.30 during mid-day trading on Monday, hitting $80.46. The company had a trading volume of 11,132,862 shares, compared to its average volume of 18,011,684. The business has a fifty day simple moving average of $74.53 and a 200-day simple moving average of $70.67. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $87.00. The firm has a market capitalization of $169.04 billion, a price-to-earnings ratio of 88.42, a PEG ratio of 1.37 and a beta of 1.33.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company's revenue was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.18 earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.84% of the company's stock.

Analysts Set New Price Targets

UBER has been the topic of several recent analyst reports. Cantor Fitzgerald reiterated an "overweight" rating and set a $90.00 target price on shares of Uber Technologies in a research report on Monday, October 7th. BMO Capital Markets reiterated an "outperform" rating and set a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Citigroup upped their price target on Uber Technologies from $96.00 to $98.00 and gave the stock a "buy" rating in a report on Wednesday, August 7th. Raymond James began coverage on Uber Technologies in a report on Tuesday, September 24th. They issued a "strong-buy" rating and a $90.00 price target on the stock. Finally, TD Cowen upped their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a "buy" rating in a report on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $88.51.

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.