Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,104 shares of the ride-sharing company’s stock after purchasing an additional 7,968 shares during the quarter. M&T Bank Corp’s holdings in Uber Technologies were worth $13,161,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameriprise Financial Inc. increased its position in shares of Uber Technologies by 36.5% during the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares during the last quarter. Edgewood Management LLC raised its position in Uber Technologies by 10.5% in the third quarter. Edgewood Management LLC now owns 27,552,060 shares of the ride-sharing company’s stock valued at $2,070,813,000 after purchasing an additional 2,627,768 shares during the period. AMF Tjanstepension AB purchased a new position in shares of Uber Technologies during the third quarter worth $163,468,000. Janus Henderson Group PLC boosted its position in shares of Uber Technologies by 18.3% during the third quarter. Janus Henderson Group PLC now owns 13,286,812 shares of the ride-sharing company’s stock worth $998,767,000 after buying an additional 2,056,273 shares during the period. Finally, Samlyn Capital LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at $134,987,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 0.9 %

UBER opened at $60.73 on Friday. The firm has a market cap of $127.88 billion, a P/E ratio of 30.21, a PEG ratio of 0.75 and a beta of 1.33. The business’s fifty day simple moving average is $71.75 and its 200 day simple moving average is $71.25. Uber Technologies, Inc. has a 52 week low of $54.84 and a 52 week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share 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 business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the business posted $0.10 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on UBER. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Oppenheimer upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research note on Friday, September 27th. Evercore ISI raised their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Royal Bank of Canada increased their price objective on Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, DA Davidson upped their price target on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

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.