Grassi Investment Management Has $7.32 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Grassi Investment Management raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 97,425 shares of the ride-sharing company’s stock after buying an additional 3,225 shares during the quarter. Grassi Investment Management’s holdings in Uber Technologies were worth $7,322,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co raised its position in shares of Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares during the period. Procyon Advisors LLC raised its position in shares of Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after purchasing an additional 131 shares during the period. Wealthspire Advisors LLC raised its position in shares of Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after purchasing an additional 151 shares during the period. Sivia Capital Partners LLC raised its position in shares of Uber Technologies by 3.3% during the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after purchasing an additional 157 shares during the period. Finally, Wellington Shields Capital Management LLC raised its position in shares of Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on UBER shares. Melius started coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. Melius Research started coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price on the stock. The Goldman Sachs Group lifted their target price on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $88.86.

Uber Technologies Stock Performance

UBER opened at $79.83 on Thursday. The business has a fifty day simple moving average of $74.87 and a 200 day simple moving average of $70.76. The company has a market capitalization of $167.72 billion, a PE ratio of 87.73, a price-to-earnings-growth ratio of 1.40 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 EPS. Research analysts expect that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

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.