3,041 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Jacobsen Capital Management

Jacobsen Capital Management acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 3,041 shares of the ride-sharing company’s stock, valued at approximately $229,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Price T Rowe Associates Inc. MD lifted its holdings in 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 period. GQG Partners LLC lifted its holdings in Uber Technologies by 74.1% during the 1st quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after buying an additional 9,541,366 shares during the period. Allen Investment Management LLC lifted its stake in shares of Uber Technologies by 2,956.5% in the 1st 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 during the period. Vanguard Group Inc. lifted its stake in shares of Uber Technologies by 2.2% in the 1st 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 period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Uber Technologies by 36.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after purchasing an additional 3,179,308 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction that occurred on 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 owns 127,352 shares in the company, valued at approximately $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 accessible through this link. 3.80% of the stock is owned by company insiders.

Uber Technologies Stock Performance

UBER stock opened at $79.21 on Wednesday. The firm has a market cap of $166.42 billion, a PE ratio of 87.04, a P/E/G ratio of 1.33 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $75.17 and a 200-day moving average of $70.78. Uber Technologies, Inc. has a 12-month low of $42.01 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on UBER. Roth Mkm boosted their price objective on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Needham & Company LLC reissued a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 7th. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Monday, October 7th. Loop Capital boosted 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. Finally, Bank of America boosted their price objective on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Seven equities research 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 company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $88.86.

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.