Griffin Asset Management Inc. Boosts Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Griffin Asset Management Inc. increased its position in Uber Technologies, Inc. (NYSE:UBER) by 192.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,570 shares of the ride-sharing company’s stock after acquiring an additional 15,505 shares during the quarter. Griffin Asset Management Inc.’s holdings in Uber Technologies were worth $1,772,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of UBER. Price T Rowe Associates Inc. MD boosted its position in shares of Uber Technologies by 37.8% in the first 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 acquiring an additional 9,996,508 shares during the period. GQG Partners LLC boosted its position in shares of Uber Technologies by 74.1% in the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock valued at $1,726,381,000 after acquiring an additional 9,541,366 shares during the period. Allen Investment Management LLC boosted its position in shares of Uber Technologies by 2,956.5% in the first quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after acquiring an additional 5,163,635 shares during the period. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of Uber Technologies by 36.5% in 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. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction on 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 owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Wells Fargo & Company reiterated an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Bank of America reiterated a “buy” rating and set a $88.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. JMP Securities lifted their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer lifted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.11.

Uber Technologies Stock Down 2.0 %

Shares of Uber Technologies stock opened at $83.24 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The company’s fifty day simple moving average is $73.54 and its two-hundred day simple moving average is $70.55. The company has a market cap of $173.93 billion, a P/E ratio of 134.26, a PEG ratio of 1.35 and a beta of 1.33. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. Research analysts anticipate that Uber Technologies, Inc. will post 1.08 EPS 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.