Planning Capital Management Corp Has $115,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Planning Capital Management Corp boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 95.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,532 shares of the ride-sharing company’s stock after buying an additional 750 shares during the period. Planning Capital Management Corp’s holdings in Uber Technologies were worth $115,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Avantax Advisory Services Inc. lifted its holdings in shares of Uber Technologies by 24.2% during the first quarter. Avantax Advisory Services Inc. now owns 25,169 shares of the ride-sharing company’s stock valued at $1,938,000 after acquiring an additional 4,898 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of Uber Technologies by 54.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 309,091 shares of the ride-sharing company’s stock valued at $23,797,000 after acquiring an additional 109,532 shares during the period. Kingsview Wealth Management LLC lifted its holdings in shares of Uber Technologies by 5.6% during the first quarter. Kingsview Wealth Management LLC now owns 12,784 shares of the ride-sharing company’s stock valued at $984,000 after acquiring an additional 680 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in shares of Uber Technologies by 19.0% during the first quarter. Orion Portfolio Solutions LLC now owns 25,216 shares of the ride-sharing company’s stock valued at $1,941,000 after acquiring an additional 4,024 shares during the period. Finally, ProVise Management Group LLC lifted its holdings in shares of Uber Technologies by 14.3% during the first quarter. ProVise Management Group LLC now owns 4,005 shares of the ride-sharing company’s stock valued at $308,000 after acquiring an additional 500 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.3 %

Shares of Uber Technologies stock opened at $71.16 on Thursday. Uber Technologies, Inc. has a 12-month low of $52.39 and a 12-month high of $87.00. The stock has a market cap of $149.84 billion, a P/E ratio of 35.40, a P/E/G ratio of 0.71 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The business’s 50 day moving average is $75.41 and its 200-day moving average is $71.00.

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

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UBER. UBS Group lifted their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. The Goldman Sachs Group lifted their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a report on Thursday, October 17th. DA Davidson lifted their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $90.32.

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.