Firethorn Wealth Partners LLC Acquires New Shares in Uber Technologies, Inc. (NYSE:UBER)

Firethorn Wealth Partners LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,540 shares of the ride-sharing company’s stock, valued at approximately $266,000.

A number of other institutional investors also recently bought and sold shares of UBER. Price T Rowe Associates Inc. MD raised its stake in shares of Uber Technologies by 37.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after buying an additional 9,996,508 shares during the last quarter. GQG Partners LLC raised its position in Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares during the last quarter. Allen Investment Management LLC lifted its holdings in shares of Uber Technologies by 2,956.5% in the first quarter. Allen Investment Management LLC now owns 5,338,291 shares of the ride-sharing company’s stock valued at $410,995,000 after purchasing an additional 5,163,635 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Uber Technologies by 2.2% in the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock worth $864,390,000 after purchasing an additional 3,179,308 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. TD Cowen increased their target price on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Loop Capital increased their price objective on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Wolfe Research started coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price for the company. JMP Securities raised their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 7th. Finally, Piper Sandler boosted their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Four analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.11.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.80% of the stock is currently owned by insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $81.91 on Thursday. The business’s 50-day simple moving average is $73.87 and its 200 day simple moving average is $70.63. The company has a market cap of $172.08 billion, a P/E ratio of 90.01, a PEG ratio of 1.47 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.18 earnings per share. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Uber Technologies Company 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.