Fiera Capital Corp Raises Stock Holdings in Uber Technologies, Inc. $UBER

Fiera Capital Corp boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 55.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 159,870 shares of the ride-sharing company’s stock after purchasing an additional 56,819 shares during the period. Fiera Capital Corp’s holdings in Uber Technologies were worth $14,916,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. West Oak Capital LLC bought a new position in Uber Technologies during the second quarter valued at about $28,000. Trust Co. of Toledo NA OH purchased a new position in Uber Technologies in the second quarter valued at about $30,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the 1st quarter valued at approximately $27,000. Truvestments Capital LLC grew its position in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the period. Finally, REAP Financial Group LLC increased its stake in shares of Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 598,875 shares of company stock valued at $58,407,848. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Down 2.0%

Shares of NYSE UBER opened at $91.73 on Friday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business has a 50-day simple moving average of $95.49 and a two-hundred day simple moving average of $91.56. 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 has a market cap of $190.59 billion, a P/E ratio of 11.79 and a beta of 1.46.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the company. UBS Group set a $122.00 price objective on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, November 5th. Cantor Fitzgerald upped their price target on Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Mizuho started coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price target for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a report on Tuesday. Finally, Stifel Nicolaus set a $122.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Profile

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.