Uber Technologies, Inc. $UBER Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 765,236 shares of the ride-sharing company’s stock after purchasing an additional 6,159 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Uber Technologies were worth $74,970,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after buying an additional 3,025,483 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after acquiring an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. purchased a new position in Uber Technologies in the first quarter valued at about $2,207,743,000. Norges Bank acquired a new stake in Uber Technologies during the 2nd quarter valued at approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC increased its holdings in Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

UBER opened at $81.51 on Tuesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The company’s 50-day moving average price is $88.58 and its 200 day moving average price is $91.48. Uber Technologies, Inc. has a fifty-two week low of $60.12 and a fifty-two week high of $101.99. The firm has a market cap of $169.35 billion, a price-to-earnings ratio of 10.48 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.20 earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

UBER has been the subject of several research analyst reports. Cantor Fitzgerald increased their target price on Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, November 5th. Wedbush reduced their price objective on shares of Uber Technologies from $84.00 to $78.00 and set a “neutral” rating on the stock in a research note on Friday, December 19th. Barclays dropped their target price on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Wednesday, November 5th. Erste Group Bank lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.43.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the stock in a transaction on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the completion of the sale, the insider directly owned 175,423 shares in the company, valued at $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,875 shares of company stock valued at $1,348,818 in the last 90 days. Insiders own 3.70% of the company’s stock.

Uber Technologies Profile

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.