Pathstone Family Office LLC Buys 511,760 Shares of Uber Technologies, Inc. (NYSE:UBER)

Pathstone Family Office LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 94.2% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,054,754 shares of the ride-sharing company’s stock after buying an additional 511,760 shares during the period. Pathstone Family Office LLC owned about 0.05% of Uber Technologies worth $48,525,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Horizon Investments LLC boosted its holdings in shares of Uber Technologies by 2.3% during the 2nd quarter. Horizon Investments LLC now owns 10,529 shares of the ride-sharing company’s stock worth $455,000 after purchasing an additional 240 shares during the last quarter. Onyx Bridge Wealth Group LLC lifted its holdings in Uber Technologies by 2.9% in the third quarter. Onyx Bridge Wealth Group LLC now owns 8,689 shares of the ride-sharing company’s stock valued at $400,000 after acquiring an additional 245 shares during the last quarter. Ellevest Inc. lifted its holdings in Uber Technologies by 1.5% in the second quarter. Ellevest Inc. now owns 16,832 shares of the ride-sharing company’s stock valued at $727,000 after acquiring an additional 250 shares during the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in Uber Technologies by 2.1% in the third quarter. Dynamic Advisor Solutions LLC now owns 12,348 shares of the ride-sharing company’s stock valued at $568,000 after acquiring an additional 253 shares during the last quarter. Finally, Raleigh Capital Management Inc. lifted its holdings in Uber Technologies by 66.5% in the second quarter. Raleigh Capital Management Inc. now owns 651 shares of the ride-sharing company’s stock valued at $28,000 after acquiring an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Insider Activity

In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $51.40, for a total transaction of $963,750.00. Following the completion of the sale, the insider now owns 181,339 shares of the company’s stock, valued at approximately $9,320,824.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, insider Jill Hazelbaker sold 18,850 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $53.01, for a total value of $999,238.50. Following the completion of the sale, the insider now owns 109,009 shares in the company, valued at approximately $5,778,567.09. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $51.40, for a total transaction of $963,750.00. Following the completion of the transaction, the insider now owns 181,339 shares in the company, valued at approximately $9,320,824.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 137,600 shares of company stock worth $7,246,989. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Mizuho upped their price target on Uber Technologies from $63.00 to $77.00 and gave the stock a “buy” rating in a research note on Wednesday, January 17th. Morgan Stanley increased their price objective on Uber Technologies from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Wednesday, November 8th. The Goldman Sachs Group increased their target price on Uber Technologies from $59.00 to $78.00 and gave the company a “buy” rating in a report on Thursday, January 11th. Oppenheimer increased their target price on Uber Technologies from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, December 4th. Finally, Nomura lowered Uber Technologies from a “buy” rating to a “neutral” rating and increased their target price for the company from $59.00 to $62.00 in a report on Friday, December 29th. Two investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $61.09.

Read Our Latest Stock Report on UBER

Uber Technologies Trading Up 1.8 %

Shares of NYSE UBER traded up $1.25 during trading on Tuesday, hitting $70.24. 21,560,187 shares of the company traded hands, compared to its average volume of 21,505,088. Uber Technologies, Inc. has a 1 year low of $29.22 and a 1 year high of $70.42. The company has a 50-day moving average price of $61.85 and a 200-day moving average price of $52.00. The firm has a market capitalization of $144.54 billion, a P/E ratio of 142.39 and a beta of 1.33. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.91.

Uber Technologies (NYSE:UBERGet Free Report) last posted its earnings results on Tuesday, November 7th. The ride-sharing company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.03). Uber Technologies had a net margin of 2.93% and a return on equity of 11.74%. The business had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.47 billion. On average, equities analysts predict that Uber Technologies, Inc. will post 0.37 EPS for the current year.

Uber Technologies Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERFree Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.