Prospera Financial Services Inc Acquires 11,186 Shares of Uber Technologies, Inc. (NYSE:UBER)

Prospera Financial Services Inc raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 20.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 65,657 shares of the ride-sharing company's stock after buying an additional 11,186 shares during the period. Prospera Financial Services Inc's holdings in Uber Technologies were worth $4,935,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ascent Wealth Partners LLC bought a new position in Uber Technologies in the 3rd quarter worth approximately $2,087,000. Aviso Wealth Management bought a new position in Uber Technologies in the 3rd quarter worth approximately $2,302,000. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Uber Technologies by 9.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company's stock worth $432,356,000 after buying an additional 512,591 shares during the period. Aptus Capital Advisors LLC boosted its holdings in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company's stock worth $688,000 after buying an additional 1,383 shares during the period. Finally, Lederer & Associates Investment Counsel CA bought a new position in Uber Technologies in the 3rd quarter worth approximately $799,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Monday, October 7th. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. Oppenheimer increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "outperform" rating in a research note on Friday, September 27th. KeyCorp lowered their target price on shares of Uber Technologies from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, November 1st. Finally, Truist Financial lowered their target price on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $90.32.

Insiders Place Their Bets

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 transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 23.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 3.80% of the company's stock.

Uber Technologies Stock Performance

UBER stock traded up $0.49 during trading on Wednesday, reaching $69.62. The stock had a trading volume of 16,645,781 shares, compared to its average volume of 18,310,824. Uber Technologies, Inc. has a 52 week low of $53.89 and a 52 week high of $87.00. The stock's 50 day moving average is $75.47 and its two-hundred day moving average is $71.11. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a market cap of $146.60 billion, a PE ratio of 34.53, a PEG ratio of 0.73 and a beta of 1.34.

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