Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.0% in the third quarter, HoldingsChannel.com reports. The fund owned 2,687,717 shares of the ride-sharing company’s stock after buying an additional 51,665 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Uber Technologies were worth $202,009,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aptus Capital Advisors LLC boosted its stake 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 acquiring an additional 1,383 shares during the period. Samlyn Capital LLC acquired a new position in shares of Uber Technologies during the second quarter worth approximately $134,987,000. Brookstone Capital Management boosted its position 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 buying an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position 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 buying an additional 8,614 shares during the period. Finally, DSM Capital Partners LLC boosted its position 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 buying an additional 47,824 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UBER has been the subject of several analyst reports. UBS Group boosted their price objective on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday. Wolfe Research began coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective for the company. Wells Fargo & Company restated an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $80.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $88.51.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Down 0.9 %

Shares of Uber Technologies stock traded down $0.74 on Friday, hitting $79.16. 14,186,721 shares of the company traded hands, compared to its average volume of 18,045,445. The company has a 50-day moving average price of $74.30 and a 200 day moving average price of $70.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The company has a market cap of $165.41 billion, a PE ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating 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 analysts’ expectations of $10.57 billion. During the same period in the previous year, the company posted $0.18 EPS. Uber Technologies’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts predict that Uber Technologies, Inc. will post 1.08 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.