Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Increased by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 75,787 shares of the ride-sharing company’s stock after buying an additional 8,871 shares during the quarter. CIBC Asset Management Inc’s holdings in Uber Technologies were worth $3,395,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC increased its holdings in Uber Technologies by 7.3% in the third quarter. Commonwealth Equity Services LLC now owns 485,932 shares of the ride-sharing company’s stock valued at $21,769,000 after buying an additional 33,250 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in Uber Technologies by 14.5% in the second quarter. Great West Life Assurance Co. Can now owns 677,070 shares of the ride-sharing company’s stock valued at $33,925,000 after buying an additional 85,588 shares during the last quarter. Accretive Wealth Partners LLC increased its holdings in Uber Technologies by 9.5% in the second quarter. Accretive Wealth Partners LLC now owns 16,321 shares of the ride-sharing company’s stock valued at $818,000 after buying an additional 1,410 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Uber Technologies by 52.8% in the second quarter. Principal Financial Group Inc. now owns 148,010 shares of the ride-sharing company’s stock valued at $7,418,000 after buying an additional 51,144 shares during the last quarter. Finally, Calamos Advisors LLC increased its holdings in Uber Technologies by 28.3% in the third quarter. Calamos Advisors LLC now owns 658,271 shares of the ride-sharing company’s stock valued at $29,491,000 after buying an additional 145,291 shares during the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on UBER. MKM Partners lowered their price objective on Uber Technologies from $68.00 to $62.00 and set a “buy” rating for the company in a report on Friday, November 5th. The Goldman Sachs Group set a $64.00 target price on Uber Technologies in a report on Wednesday, November 17th. Stifel Nicolaus lowered their target price on Uber Technologies from $58.00 to $55.00 and set a “buy” rating for the company in a report on Friday, November 5th. BTIG Research reaffirmed a “buy” rating on shares of Uber Technologies in a report on Tuesday, December 7th. Finally, Wolfe Research set a $61.00 target price on Uber Technologies in a report on Monday, November 8th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies has a consensus rating of “Buy” and an average target price of $70.13.

In related news, CEO Dara Khosrowshahi purchased 200,000 shares of the company’s stock in a transaction on Monday, November 15th. The shares were bought at an average price of $44.92 per share, with a total value of $8,984,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.06% of the stock is currently owned by corporate insiders.

UBER opened at $41.51 on Friday. The company has a market capitalization of $80.53 billion, a price-to-earnings ratio of -31.93 and a beta of 1.31. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.19 and a quick ratio of 1.19. Uber Technologies, Inc. has a 1-year low of $34.88 and a 1-year high of $64.05. The business has a 50 day moving average price of $41.50 and a two-hundred day moving average price of $43.49.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, November 4th. The ride-sharing company reported ($1.28) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.91). The company had revenue of $4.80 billion during the quarter, compared to the consensus estimate of $4.41 billion. Uber Technologies had a negative net margin of 15.87% and a negative return on equity of 9.53%. Uber Technologies’s quarterly revenue was up 70.6% on a year-over-year basis. During the same period in the prior year, the company posted ($0.62) EPS. Equities analysts expect that Uber Technologies, Inc. will post -1.06 EPS for the current fiscal year.

Uber Technologies Profile

Uber Technologies, Inc operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. It operates through the following segments: Rides, Eats, Freight, Other Bets and ATG and Other Technology Programs.

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

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