Metis Global Partners LLC Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Metis Global Partners LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,290 shares of the ride-sharing company’s stock after buying an additional 2,754 shares during the quarter. Metis Global Partners LLC’s holdings in Uber Technologies were worth $6,486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in UBER. Avantax Advisory Services Inc. raised its holdings in Uber Technologies by 24.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 25,169 shares of the ride-sharing company’s stock worth $1,938,000 after purchasing an additional 4,898 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Uber Technologies by 54.9% in the 1st 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 buying an additional 109,532 shares during the last quarter. Kingsview Wealth Management LLC grew its stake in shares of Uber Technologies by 5.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 12,784 shares of the ride-sharing company’s stock worth $984,000 after purchasing an additional 680 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Uber Technologies by 19.0% in 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 purchasing an additional 4,024 shares during the last quarter. Finally, ProVise Management Group LLC lifted its holdings in shares of Uber Technologies by 14.3% during the 1st quarter. ProVise Management Group LLC now owns 4,005 shares of the ride-sharing company’s stock worth $308,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER opened at $71.40 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $150.35 billion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $53.15 and a 52-week high of $87.00. The company has a 50 day simple moving average of $75.41 and a 200-day simple moving average of $71.00.

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

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on UBER shares. TD Cowen increased their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. DA Davidson lifted their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Melius Research assumed coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. 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 company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Company 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.