Knuff & Co LLC Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Knuff & Co LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,820 shares of the ride-sharing company’s stock after buying an additional 445 shares during the period. Knuff & Co LLC’s holdings in Uber Technologies were worth $287,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in UBER. Price T Rowe Associates Inc. MD lifted its stake in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after buying an additional 9,996,508 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares during the period. Capital Research Global Investors lifted its position in shares of Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after acquiring an additional 3,019,431 shares in the last quarter. AMF Tjanstepension AB bought a new position in shares of Uber Technologies in the third quarter worth about $163,468,000. Finally, Janus Henderson Group PLC grew its position in shares of Uber Technologies by 36.3% during the first quarter. Janus Henderson Group PLC now owns 8,009,770 shares of the ride-sharing company’s stock worth $616,613,000 after purchasing an additional 2,134,621 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on UBER. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. JMP Securities boosted their target price on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. TD Cowen raised their target price on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Evercore ISI boosted their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Finally, Bank of America increased their price objective on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Price Performance

UBER stock opened at $69.34 on Tuesday. Uber Technologies, Inc. has a 12-month low of $53.76 and a 12-month high of $87.00. The stock has a 50-day moving average price of $75.48 and a two-hundred day moving average price of $71.10. 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 company has a market cap of $146.01 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.80% of the stock is owned by company 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.