Cerity Partners LLC Acquires 1,968 Shares of Uber Technologies, Inc. (NYSE:UBER)

Cerity Partners LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,300 shares of the ride-sharing company’s stock after purchasing an additional 1,968 shares during the period. Cerity Partners LLC’s holdings in Uber Technologies were worth $558,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of UBER. CX Institutional bought a new stake in Uber Technologies in the third quarter worth $27,000. Keebeck Wealth Management LLC bought a new position in shares of Uber Technologies during the second quarter valued at about $31,000. Front Row Advisors LLC raised its stake in shares of Uber Technologies by 100.0% during the second quarter. Front Row Advisors LLC now owns 1,000 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 500 shares during the last quarter. Edge Wealth Management LLC raised its stake in shares of Uber Technologies by 2,857.1% during the second quarter. Edge Wealth Management LLC now owns 1,035 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Berman Capital Advisors LLC raised its stake in shares of Uber Technologies by 412.2% during the second quarter. Berman Capital Advisors LLC now owns 1,050 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 845 shares during the last quarter. 67.75% of the stock is owned by institutional investors and hedge funds.

Shares of Uber Technologies stock opened at $50.80 on Friday. The company has a market cap of $89.60 billion, a price-to-earnings ratio of -12.57 and a beta of 1.04. The company’s 50 day moving average is $40.62 and its 200 day moving average is $35.17. Uber Technologies, Inc. has a twelve month low of $13.71 and a twelve month high of $52.15. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.65.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, November 5th. The ride-sharing company reported ($0.62) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.60) by ($0.02). The company had revenue of $3.13 billion for the quarter, compared to the consensus estimate of $3.19 billion. Uber Technologies had a negative net margin of 50.99% and a negative return on equity of 38.83%. The firm’s revenue for the quarter was down 20.0% on a year-over-year basis. During the same quarter last year, the company earned ($0.68) EPS. Sell-side analysts expect that Uber Technologies, Inc. will post -3.82 EPS for the current fiscal year.

In other Uber Technologies news, insider Tony West sold 2,000 shares of the stock in a transaction that occurred on Friday, October 30th. The shares were sold at an average price of $33.91, for a total value of $67,820.00. Following the transaction, the insider now directly owns 269,405 shares in the company, valued at $9,135,523.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 6,000 shares of company stock worth $207,240 over the last quarter. Insiders own 8.66% of the company’s stock.

Several equities analysts have recently commented on UBER shares. BTIG Research upped their price objective on shares of Uber Technologies from $55.00 to $65.00 in a research note on Thursday, November 19th. Morgan Stanley upped their price objective on shares of Uber Technologies from $45.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, November 6th. Barclays upped their price objective on shares of Uber Technologies from $43.00 to $50.00 and gave the company an “overweight” rating in a research note on Monday, November 9th. Wedbush boosted their price target on shares of Uber Technologies from $49.00 to $60.00 and gave the company an “outperform” rating in a research report on Thursday, November 19th. Finally, Mizuho boosted their price target on shares of Uber Technologies from $47.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 6th. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $45.81.

About Uber Technologies

Uber Technologies, Inc develops and operates proprietary technology applications primarily in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services, as well as connect consumers with restaurants and food delivery service providers for meal preparation and delivery services.

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

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