Commerzbank Aktiengesellschaft FI Purchases 7,126 Shares of Uber Technologies, Inc. (NYSE:UBER)

Commerzbank Aktiengesellschaft FI boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342,988 shares of the ride-sharing company's stock after acquiring an additional 7,126 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Uber Technologies were worth $25,779,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its position in Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company's stock valued at $688,000 after buying an additional 1,383 shares in the last quarter. Samlyn Capital LLC acquired a new position in shares of Uber Technologies during the second quarter worth $134,987,000. Brookstone Capital Management lifted its holdings in shares of Uber Technologies by 19.0% during the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company's stock worth $11,082,000 after purchasing an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Uber Technologies by 26.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company's stock worth $2,998,000 after purchasing an additional 8,614 shares during the period. Finally, DSM Capital Partners LLC lifted its holdings in shares of Uber Technologies by 2.2% during the second quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company's stock worth $163,775,000 after purchasing an additional 47,824 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 0.4 %

Shares of UBER opened at $80.72 on Wednesday. The firm's 50-day moving average price is $74.71 and its 200-day moving average price is $70.69. The firm has a market capitalization of $168.67 billion, a price-to-earnings ratio of 129.68, a PEG ratio of 1.37 and a beta of 1.33. 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.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Uber Technologies's quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on UBER shares. Daiwa America lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. DA Davidson reaffirmed a "buy" rating and issued a $82.00 price target on shares of Uber Technologies in a research note on Thursday, October 17th. JMP Securities lifted their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 7th. Truist Financial upped their target price on shares of Uber Technologies from $88.00 to $99.00 and gave the stock a "buy" rating in a report on Monday, October 7th. Finally, Melius began coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a "hold" rating and a $77.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Uber Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $88.65.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 transaction, the insider now directly owns 127,352 shares of the company's stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.84% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).

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.