Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Regatta Capital Group LLC

Regatta Capital Group LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,847 shares of the ride-sharing company’s stock after purchasing an additional 876 shares during the period. Regatta Capital Group LLC’s holdings in Uber Technologies were worth $439,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UBER. Aptus Capital Advisors LLC lifted its holdings in shares of Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares during the period. Samlyn Capital LLC acquired a new stake in Uber Technologies in the second quarter valued at $134,987,000. Brookstone Capital Management boosted its position in shares of Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after purchasing an additional 25,814 shares in the last quarter. U.S. Capital Wealth Advisors LLC grew its stake in shares of Uber Technologies by 26.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after purchasing an additional 8,614 shares during the period. Finally, DSM Capital Partners LLC increased its holdings in shares of Uber Technologies by 2.2% in the 2nd quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock valued at $163,775,000 after purchasing an additional 47,824 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by company insiders.

Uber Technologies Price Performance

Uber Technologies stock opened at $83.24 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $173.93 billion, a price-to-earnings ratio of 134.26, a PEG ratio of 1.35 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $87.00. The firm has a 50 day moving average price of $73.54 and a 200 day moving average price of $70.55.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 EPS. Sell-side analysts predict that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wolfe Research started coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price on the stock. Roth Mkm upped their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Oppenheimer lifted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Bank of America restated a “buy” rating and issued a $88.00 price target on shares of Uber Technologies in a research report on Friday, October 11th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $88.11.

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.