Uber Technologies, Inc. $UBER Position Increased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 29.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 315,280 shares of the ride-sharing company’s stock after acquiring an additional 71,317 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Uber Technologies were worth $30,834,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of UBER. Brant Point Investment Management LLC acquired a new position in Uber Technologies in the 2nd quarter worth about $933,000. Econ Financial Services Corp acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $1,538,000. Spirepoint Private Client LLC boosted its holdings in Uber Technologies by 21.9% in the third quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock worth $7,331,000 after purchasing an additional 13,454 shares in the last quarter. Munro Partners acquired a new position in Uber Technologies during the second quarter worth $96,294,000. Finally, Prudential PLC raised its holdings in Uber Technologies by 15.7% during the second quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock valued at $20,233,000 after buying an additional 29,359 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 11,750 shares of company stock valued at $1,058,193. Insiders own 3.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UBER shares. Cantor Fitzgerald lowered their price objective on Uber Technologies from $108.00 to $99.00 and set an “overweight” rating on the stock in a report on Thursday, January 8th. Morgan Stanley decreased 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. Truist Financial upped their price target on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Jefferies Financial Group restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, January 7th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Three research analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $107.05.

View Our Latest Stock Report on Uber Technologies

Uber Technologies Stock Up 0.8%

NYSE UBER opened at $84.37 on Wednesday. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99. The company has a market capitalization of $175.30 billion, a price-to-earnings ratio of 10.84 and a beta of 1.20. The stock’s 50 day moving average is $85.21 and its two-hundred day moving average is $90.95. 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:UBERGet Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.

Further Reading

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

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