Azzad Asset Management Inc. ADV Has $2.55 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Azzad Asset Management Inc. ADV trimmed its position in Uber Technologies, Inc. (NYSE:UBER) by 1.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,966 shares of the ride-sharing company’s stock after selling 624 shares during the period. Azzad Asset Management Inc. ADV’s holdings in Uber Technologies were worth $2,553,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Herbst Group LLC raised its holdings in Uber Technologies by 46.6% during the 3rd quarter. Herbst Group LLC now owns 22,100 shares of the ride-sharing company’s stock worth $1,661,000 after buying an additional 7,025 shares during the period. GAMMA Investing LLC grew its stake in shares of Uber Technologies by 12.1% in the third quarter. GAMMA Investing LLC now owns 10,008 shares of the ride-sharing company’s stock valued at $752,000 after buying an additional 1,082 shares in the last quarter. Handelsbanken Fonder AB grew its stake in shares of Uber Technologies by 1.9% in the third quarter. Handelsbanken Fonder AB now owns 947,353 shares of the ride-sharing company’s stock valued at $71,203,000 after buying an additional 17,267 shares in the last quarter. Trivant Custom Portfolio Group LLC bought a new position in Uber Technologies during the third quarter worth $714,000. Finally, Harbor Investment Advisory LLC boosted its position in Uber Technologies by 42.8% during the third quarter. Harbor Investment Advisory LLC now owns 16,865 shares of the ride-sharing company’s stock worth $1,268,000 after purchasing an additional 5,051 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 0.4 %

Uber Technologies stock opened at $74.59 on Tuesday. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The firm has a market capitalization of $155.86 billion, a price-to-earnings ratio of 120.31, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33. The firm’s fifty day moving average price is $71.23 and its two-hundred day moving average price is $70.44. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period last year, the firm earned $0.18 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research analyst reports. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday. Morgan Stanley upped their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $97.00 price target on shares of Uber Technologies in a report on Friday, September 13th. Wolfe Research assumed coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective for the company. Finally, Loop Capital raised their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $88.11.

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.