Commerce Bank Buys 45,650 Shares of Uber Technologies, Inc. (NYSE:UBER)

Commerce Bank lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 4.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 986,491 shares of the ride-sharing company’s stock after purchasing an additional 45,650 shares during the quarter. Commerce Bank’s holdings in Uber Technologies were worth $74,145,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. MWA Asset Management increased its position in Uber Technologies by 29.6% in the third quarter. MWA Asset Management now owns 3,777 shares of the ride-sharing company’s stock worth $284,000 after purchasing an additional 863 shares during the last quarter. Prospera Private Wealth LLC grew its stake in shares of Uber Technologies by 371.0% in the 3rd quarter. Prospera Private Wealth LLC now owns 16,235 shares of the ride-sharing company’s stock worth $1,220,000 after buying an additional 12,788 shares in the last quarter. West Family Investments Inc. increased its holdings in shares of Uber Technologies by 42.0% in the 3rd quarter. West Family Investments Inc. now owns 5,792 shares of the ride-sharing company’s stock worth $435,000 after buying an additional 1,714 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of Uber Technologies by 26.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 326,829 shares of the ride-sharing company’s stock valued at $24,564,000 after buying an additional 68,833 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG bought a new position in shares of Uber Technologies in the 3rd quarter valued at about $8,812,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. 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 note on Friday, October 18th. Citigroup boosted their target price on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Roth Mkm raised their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. KeyCorp cut their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, Wells Fargo & Company lowered their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies presently has an average 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 stock in a transaction dated 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 sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.80% of the stock is currently owned by insiders.

Uber Technologies Price Performance

NYSE UBER opened at $69.13 on Wednesday. The stock’s fifty day moving average price is $75.47 and its 200 day moving average price is $71.11. Uber Technologies, Inc. has a 1 year low of $53.76 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market cap of $145.57 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 0.73 and a beta of 1.34.

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