National Asset Management Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 29.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,053 shares of the ride-sharing company’s stock after buying an additional 16,158 shares during the quarter. National Asset Management Inc.’s holdings in Uber Technologies were worth $2,582,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Valmark Advisers Inc. grew its holdings in Uber Technologies by 21.7% during the third quarter. Valmark Advisers Inc. now owns 8,659 shares of the ride-sharing company’s stock worth $316,000 after acquiring an additional 1,546 shares during the period. Zeke Capital Advisors LLC grew its stake in shares of Uber Technologies by 4.6% during the 3rd quarter. Zeke Capital Advisors LLC now owns 514,283 shares of the ride-sharing company’s stock worth $18,761,000 after purchasing an additional 22,760 shares during the period. LPL Financial LLC increased its holdings in shares of Uber Technologies by 12.4% in the 3rd quarter. LPL Financial LLC now owns 438,033 shares of the ride-sharing company’s stock valued at $15,979,000 after purchasing an additional 48,453 shares in the last quarter. Banco Santander S.A. lifted its stake in shares of Uber Technologies by 24.7% in the third quarter. Banco Santander S.A. now owns 36,423 shares of the ride-sharing company’s stock valued at $1,328,000 after purchasing an additional 7,220 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its stake in shares of Uber Technologies by 0.4% in the third quarter. State Board of Administration of Florida Retirement System now owns 1,786,033 shares of the ride-sharing company’s stock valued at $65,154,000 after purchasing an additional 6,680 shares during the period. Hedge funds and other institutional investors own 67.75% of the company’s stock.
Shares of NYSE UBER traded up $0.34 during trading on Tuesday, hitting $49.55. 452,415 shares of the company traded hands, compared to its average volume of 29,038,959. The firm has a market capitalization of $86.80 billion, a P/E ratio of -12.18 and a beta of 1.04. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.65. The company has a 50-day moving average price of $38.06 and a 200-day moving average price of $34.19. Uber Technologies, Inc. has a 1 year low of $13.71 and a 1 year high of $50.09.
Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, November 5th. The ride-sharing company reported ($0.62) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.02). Uber Technologies had a negative return on equity of 38.83% and a negative net margin of 50.99%. The firm had revenue of $3.13 billion for the quarter, compared to analysts’ expectations of $3.19 billion. During the same quarter in the previous year, the firm posted ($0.68) EPS. The firm’s revenue for the quarter was down 20.0% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post -3.82 EPS for the current fiscal year.
In other news, insider Tony West sold 2,000 shares of the business’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $36.09, for a total transaction of $72,180.00. Following the transaction, the insider now directly owns 275,501 shares of the company’s stock, valued at $9,942,831.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 6,000 shares of company stock worth $207,240 in the last quarter. Insiders own 8.66% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Uber Technologies from $38.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, November 5th. Royal Bank of Canada lifted their price objective on Uber Technologies from $45.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. BTIG Research upped their target price on Uber Technologies from $47.00 to $55.00 in a report on Friday, November 6th. Wedbush lifted their price target on Uber Technologies from $41.00 to $49.00 and gave the stock an “outperform” rating in a research note on Friday, November 6th. Finally, Loop Capital decreased their price objective on shares of Uber Technologies from $43.00 to $40.00 in a research report on Monday, August 24th. Four equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. Uber Technologies presently has an average rating of “Buy” and a consensus price target of $44.50.
About Uber Technologies
Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.
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