Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Investment Management Corp of Ontario

Investment Management Corp of Ontario boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 210.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 194,440 shares of the ride-sharing company’s stock after purchasing an additional 131,847 shares during the quarter. Investment Management Corp of Ontario’s holdings in Uber Technologies were worth $14,614,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Ameriprise Financial Inc. raised its stake in Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after purchasing an additional 3,179,308 shares during the last quarter. Edgewood Management LLC lifted its position in shares of Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after buying an additional 2,627,768 shares during the last quarter. AMF Tjanstepension AB bought a new position in Uber Technologies during the 3rd quarter worth $163,468,000. Janus Henderson Group PLC boosted its position in Uber Technologies by 18.3% in the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock valued at $998,767,000 after buying an additional 2,056,273 shares in the last quarter. Finally, Samlyn Capital LLC bought a new position in Uber Technologies during the 2nd quarter worth approximately $134,987,000. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. DA Davidson upped their price objective on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer increased their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. UBS Group boosted their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada increased their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $90.51.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This represents a 20.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.

Uber Technologies Stock Performance

UBER stock opened at $73.07 on Tuesday. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market capitalization of $153.86 billion, a price-to-earnings ratio of 36.36, a P/E/G ratio of 0.90 and a beta of 1.33. The firm has a 50 day moving average of $75.31 and a two-hundred day moving average of $71.37. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal 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.