Venture Visionary Partners LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Venture Visionary Partners LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 18.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 68,974 shares of the ride-sharing company’s stock after buying an additional 10,850 shares during the period. Venture Visionary Partners LLC’s holdings in Uber Technologies were worth $5,184,000 as of its most recent SEC filing.

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

Uber Technologies Price Performance

Shares of UBER traded up $1.30 on Monday, hitting $80.46. The company’s stock had a trading volume of 11,132,861 shares, compared to its average volume of 18,011,488. The company has a 50 day moving average price of $74.30 and a 200 day moving average price of $70.63. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $87.00. The company has a market capitalization of $169.04 billion, a PE ratio of 86.99, a PEG ratio of 1.37 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on UBER shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday, October 7th. Melius began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Wolfe Research assumed coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. The Goldman Sachs Group increased their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Citigroup boosted their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Six research 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.51.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.84% of the company’s stock.

Uber Technologies 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.