Creative Financial Designs Inc. ADV Has $1.67 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Creative Financial Designs Inc. ADV raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,158 shares of the ride-sharing company’s stock after acquiring an additional 1,030 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Uber Technologies were worth $1,665,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Aptus Capital Advisors LLC increased its stake in shares of Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after purchasing an additional 1,383 shares during the last quarter. Lederer & Associates Investment Counsel CA bought a new position in Uber Technologies in the third quarter valued at about $799,000. Samlyn Capital LLC acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $134,987,000. Hedeker Wealth LLC acquired a new position in shares of Uber Technologies during the third quarter worth $6,519,000. Finally, Brookstone Capital Management grew its stake in shares of Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after purchasing an additional 25,814 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the subject of several analyst reports. JMP Securities raised their target price on Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Royal Bank of Canada lifted their target price on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday. Wolfe Research assumed coverage on Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. Finally, Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $90.22.

Uber Technologies Stock Up 1.7 %

UBER opened at $73.25 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a twelve month low of $45.25 and a twelve month high of $87.00. The stock has a market capitalization of $153.89 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. The firm has a 50 day moving average price of $75.36 and a 200-day moving average price of $70.88.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. The business’s quarterly revenue was up 20.4% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by company insiders.

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.