Orser Capital Management LLC Takes $1.23 Million Position in Uber Technologies, Inc. $UBER

Orser Capital Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 12,556 shares of the ride-sharing company’s stock, valued at approximately $1,230,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kilter Group LLC purchased a new position in Uber Technologies during the 2nd quarter valued at approximately $26,000. West Oak Capital LLC bought a new position in shares of Uber Technologies during the 2nd quarter valued at approximately $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies during the 2nd quarter valued at approximately $30,000. Total Investment Management Inc. purchased a new position in shares of Uber Technologies in the second quarter valued at $32,000. Finally, Truvestments Capital LLC increased its position in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

UBER stock opened at $79.05 on Thursday. The stock has a market cap of $164.24 billion, a PE ratio of 10.16 and a beta of 1.19. Uber Technologies, Inc. has a 12 month low of $59.75 and a 12 month high of $101.99. The company has a 50-day moving average price of $90.67 and a 200 day moving average price of $91.68. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on UBER shares. Guggenheim lowered their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Needham & Company LLC restated a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a research report on Tuesday, November 4th. Morgan Stanley lowered their price target on shares of Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Royal Bank Of Canada set a $110.00 price target on Uber Technologies in a research report on Wednesday, November 5th. Finally, DA Davidson boosted their price objective on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 261,750 shares of company stock worth $26,207,693. 3.84% of the stock is currently owned by company insiders.

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.