Pathstone Holdings LLC Increases Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Pathstone Holdings LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 11.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 861,507 shares of the ride-sharing company's stock after acquiring an additional 88,166 shares during the period. Pathstone Holdings LLC's holdings in Uber Technologies were worth $64,751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 222.7% in the 2nd 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 period. WR Wealth Planners LLC raised its position in shares of 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 buying an additional 344 shares in the last quarter. MCF Advisors LLC boosted its stake in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock valued at $32,000 after buying an additional 405 shares during the period. Founders Capital Management acquired a new stake in Uber Technologies during the second quarter worth approximately $33,000. Finally, Financial Management Professionals Inc. increased its stake in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company's stock worth $37,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Down 0.3 %

Uber Technologies stock traded down $0.20 during trading hours on Tuesday, reaching $69.13. 21,523,640 shares of the company's stock were exchanged, compared to its average volume of 18,315,998. The firm has a market capitalization of $145.57 billion, a PE ratio of 34.39, a PEG ratio of 0.73 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm's 50 day simple moving average is $75.47 and its 200 day simple moving average is $71.11. Uber Technologies, Inc. has a twelve month low of $53.76 and a twelve month high of $87.00.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on UBER shares. Morgan Stanley upped their target price on Uber Technologies from $90.00 to $95.00 and gave the company an "overweight" rating in a research report on Tuesday, July 23rd. Royal Bank of Canada increased their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Roth Mkm boosted their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the company a "buy" rating in a research report on Wednesday, August 7th. Daiwa America lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 17th. Finally, Melius initiated coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a "hold" rating and a $77.00 price objective on the stock. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $90.32.

Insider Buying and Selling

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 completion of the sale, the insider now owns 127,352 shares of the company's stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.80% of the stock is owned by insiders.

About Uber Technologies

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.