Sendero Wealth Management LLC Purchases 9,661 Shares of Uber Technologies, Inc. $UBER

Sendero Wealth Management LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,154 shares of the ride-sharing company’s stock after acquiring an additional 9,661 shares during the period. Uber Technologies comprises 0.9% of Sendero Wealth Management LLC’s portfolio, making the stock its 21st largest position. Sendero Wealth Management LLC’s holdings in Uber Technologies were worth $7,853,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of UBER. Vanguard Group Inc. lifted its holdings in Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after buying an additional 3,025,483 shares during the period. Geode Capital Management LLC raised its holdings in shares of Uber Technologies by 2.6% during the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after acquiring an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies in the first quarter worth $2,207,743,000. Norges Bank bought a new stake in Uber Technologies in the second quarter valued at $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC boosted its holdings in Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total transaction of $287,812.50. Following the sale, the insider owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. This represents a 1.76% 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 valued at $26,207,693. Insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $79.05 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a 50 day moving average price of $90.67 and a 200-day moving average price of $91.68. Uber Technologies, Inc. has a 52-week low of $59.75 and a 52-week high of $101.99. The firm has a market capitalization of $164.24 billion, a price-to-earnings ratio of 10.16 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Guggenheim decreased their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a report on Wednesday, November 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a research note on Monday. Morgan Stanley lowered their price objective 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. Needham & Company LLC reiterated a “buy” rating and set a $109.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Susquehanna reissued a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a research report on Wednesday, November 5th. Two 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

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.