Meitav Investment House Ltd. Acquires Shares of 178,400 Uber Technologies, Inc. (NYSE:UBER)

Meitav Investment House Ltd. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 178,400 shares of the ride-sharing company's stock, valued at approximately $13,397,000.

Other institutional investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC raised its position in shares of Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company's stock valued at $688,000 after acquiring an additional 1,383 shares in the last quarter. Lederer & Associates Investment Counsel CA acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at approximately $799,000. Samlyn Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at approximately $134,987,000. Brookstone Capital Management raised its position in shares of Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company's stock valued at $11,082,000 after acquiring an additional 25,814 shares in the last quarter. Finally, Hedeker Wealth LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter valued at approximately $6,519,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction that occurred on 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 sale, the insider now owns 127,352 shares of the company's stock, valued at $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 available through this link. Insiders own 3.80% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Daiwa Capital Markets lowered Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. Morgan Stanley increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 23rd. Oppenheimer increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a research report on Friday, September 27th. Loop Capital increased their target price on Uber Technologies from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Finally, Bank of America increased their target price on Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a research report on Wednesday, October 23rd. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.19.

Uber Technologies Stock Down 9.3 %

Shares of UBER traded down $7.38 during midday trading on Thursday, reaching $72.05. 61,532,848 shares of the stock were exchanged, compared to its average volume of 18,024,359. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a market cap of $151.37 billion, a price-to-earnings ratio of 77.22, a P/E/G ratio of 1.33 and a beta of 1.33. The firm has a 50 day simple moving average of $75.40 and a 200-day simple moving average of $70.87. Uber Technologies, Inc. has a 12-month low of $42.20 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 for 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%. The firm's revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. Research analysts forecast that Uber Technologies, Inc. will post 1.1 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.