Parametrica Management Ltd Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Parametrica Management Ltd lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.7% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 16,963 shares of the ride-sharing company’s stock after purchasing an additional 1,063 shares during the quarter. Uber Technologies accounts for approximately 1.5% of Parametrica Management Ltd’s investment portfolio, making the stock its 18th biggest holding. Parametrica Management Ltd’s holdings in Uber Technologies were worth $1,275,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares during the period. WR Wealth Planners LLC increased its holdings in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares in the last quarter. J.Safra Asset Management Corp purchased a new position in Uber Technologies in the first quarter valued at $32,000. MCF Advisors LLC increased its holdings in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 405 shares in the last quarter. Finally, Founders Capital Management purchased a new position in Uber Technologies in the second quarter valued at $33,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Down 0.8 %

Shares of NYSE:UBER traded down $0.57 during trading hours on Wednesday, reaching $70.80. The stock had a trading volume of 2,955,774 shares, compared to its average volume of 18,101,664. Uber Technologies, Inc. has a 1 year low of $52.39 and a 1 year high of $87.00. The firm’s 50 day moving average is $75.42 and its 200-day moving average is $70.99. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The stock has a market capitalization of $149.08 billion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 0.71 and a beta of 1.34.

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

Analyst Ratings Changes

A number of research analysts have weighed in on UBER shares. Wolfe Research started coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Monday, October 7th. Morgan Stanley lifted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. TD Cowen boosted their target price on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Finally, Daiwa America cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Six investment 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 company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

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 shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

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.