Ontario Teachers Pension Plan Board Acquires Shares of 4,346 Uber Technologies, Inc. (NYSE:UBER)

Ontario Teachers Pension Plan Board bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 4,346 shares of the ride-sharing company’s stock, valued at approximately $327,000.

A number of other institutional investors have also made changes to their positions in UBER. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Uber Technologies during the first quarter worth about $599,000. Axxcess Wealth Management LLC raised its position in shares of Uber Technologies by 167.2% during the 1st quarter. Axxcess Wealth Management LLC now owns 12,278 shares of the ride-sharing company’s stock worth $945,000 after purchasing an additional 7,683 shares during the period. Gamco Investors INC. ET AL lifted its holdings in shares of Uber Technologies by 1,381.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 61,334 shares of the ride-sharing company’s stock worth $4,722,000 after purchasing an additional 57,194 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Uber Technologies by 17.8% during the 1st quarter. Kestra Advisory Services LLC now owns 168,506 shares of the ride-sharing company’s stock valued at $12,973,000 after purchasing an additional 25,472 shares during the period. Finally, Morse Asset Management Inc bought a new position in Uber Technologies during the 1st quarter worth $1,640,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of several analyst reports. Evercore ISI boosted their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. Roth Mkm upped their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target on the stock in a report on Thursday, October 31st. DA Davidson increased their price objective on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, UBS Group lifted their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $90.32.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the insider now 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 SEC, which is available through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 2.7 %

Shares of Uber Technologies stock opened at $71.49 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a 50-day moving average price of $75.49 and a 200 day moving average price of $71.09. The company has a market cap of $150.54 billion, a P/E ratio of 35.58, a P/E/G ratio of 0.69 and a beta of 1.34.

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

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.