18,976 Shares in Uber Technologies, Inc. $UBER Acquired by Transcendent Capital Group LLC

Transcendent Capital Group LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 18,976 shares of the ride-sharing company’s stock, valued at approximately $1,859,000.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC grew its position in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the last quarter. Caxton Associates LLP bought a new position in Uber Technologies in the 1st quarter worth about $304,000. Finally, Hilltop National Bank acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $96,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $80.86 on Tuesday. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market cap of $168.01 billion, a PE ratio of 10.39 and a beta of 1.20. The company’s 50-day moving average price is $83.89 and its two-hundred day moving average price is $90.14.

Uber Technologies (NYSE:UBERGet Free Report) 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 company had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the previous year, the company posted $1.20 EPS. The business’s revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, January 20th. The shares were sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the sale, the insider directly owned 176,584 shares in the company, valued at approximately $14,744,764. This trade represents a 1.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,875 shares of company stock valued at $1,319,130 over the last 90 days. 3.84% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of several analyst reports. Needham & Company LLC reiterated a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Tuesday. TD Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, January 7th. Finally, Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $107.19.

View Our Latest Research Report on Uber Technologies

Key Uber Technologies News

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About Uber Technologies

(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.

See Also

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

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