Cerity Partners LLC Purchases 174,930 Shares of Uber Technologies, Inc. $UBER

Cerity Partners LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 989,037 shares of the ride-sharing company’s stock after acquiring an additional 174,930 shares during the quarter. Cerity Partners LLC’s holdings in Uber Technologies were worth $92,277,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Prudential PLC increased its stake in Uber Technologies by 15.7% in the 2nd quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock worth $20,233,000 after purchasing an additional 29,359 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Uber Technologies by 1.7% in the second quarter. Panagora Asset Management Inc. now owns 2,082,067 shares of the ride-sharing company’s stock worth $194,257,000 after buying an additional 35,418 shares during the period. Hilltop National Bank bought a new stake in Uber Technologies during the 2nd quarter valued at $96,000. M&T Bank Corp boosted its position in Uber Technologies by 13.9% during the 2nd quarter. M&T Bank Corp now owns 426,163 shares of the ride-sharing company’s stock valued at $39,761,000 after buying an additional 52,002 shares during the period. Finally, American Capital Advisory LLC boosted its position in Uber Technologies by 47.8% during the 2nd quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock valued at $1,213,000 after buying an additional 4,204 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.3%

UBER opened at $91.25 on Monday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The stock has a market cap of $189.60 billion, a PE ratio of 11.73 and a beta of 1.19. The business has a 50 day moving average of $92.80 and a 200-day moving average of $91.84.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.20 earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Mizuho initiated coverage on Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Erste Group Bank downgraded Uber Technologies from a “buy” rating to a “hold” rating in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $108.00 price target on shares of Uber Technologies in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.74.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This represents a 36.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 567,625 shares of company stock worth $55,385,660 in the last three months. 3.70% of the stock is owned by corporate insiders.

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.