HB Wealth Management LLC Has $17.24 Million Position in Uber Technologies, Inc. $UBER

HB Wealth Management LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBERFree Report) by 19.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 175,980 shares of the ride-sharing company’s stock after acquiring an additional 28,477 shares during the period. HB Wealth Management LLC’s holdings in Uber Technologies were worth $17,241,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in UBER. Kilter Group LLC bought a new stake in Uber Technologies in the second quarter worth approximately $26,000. Westend Capital Management LLC acquired a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies in the 2nd quarter valued at $28,000. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Uber Technologies during the 1st quarter valued at $31,000. Institutional investors own 80.24% of the company’s stock.

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Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Mizuho initiated coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price target for the company. Guggenheim cut their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. Barclays cut their price target on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 price objective on shares of Uber Technologies in a research note on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.33.

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Insider Activity

In other Uber Technologies news, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the completion of the sale, the insider directly owned 175,423 shares of the company’s stock, valued at approximately $14,096,992.28. This represents a 1.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 14,875 shares of company stock valued at $1,348,818. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 0.8%

Shares of NYSE:UBER opened at $86.19 on Thursday. The business’s 50 day moving average is $86.96 and its 200 day moving average is $91.37. Uber Technologies, Inc. has a 12-month low of $60.63 and a 12-month high of $101.99. The stock has a market cap of $179.09 billion, a price-to-earnings ratio of 11.08 and a beta of 1.20. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

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

Uber Technologies Company Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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