Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Bouvel Investment Partners LLC

Bouvel Investment Partners LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 54,335 shares of the ride-sharing company’s stock after purchasing an additional 202 shares during the period. Uber Technologies makes up about 1.5% of Bouvel Investment Partners LLC’s holdings, making the stock its 21st biggest position. Bouvel Investment Partners LLC’s holdings in Uber Technologies were worth $4,084,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of UBER. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies in the third quarter valued at about $2,087,000. Aptus Capital Advisors LLC lifted its position in shares of Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after acquiring an additional 1,383 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Uber Technologies by 9.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after acquiring an additional 512,591 shares during the period. Lederer & Associates Investment Counsel CA purchased a new stake in shares of Uber Technologies during the 3rd quarter worth approximately $799,000. Finally, Samlyn Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $134,987,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on UBER shares. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. UBS Group boosted their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Benchmark restated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. DA Davidson upped their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. Finally, Melius Research 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 objective for the company. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $90.32.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $71.16 on Thursday. The stock has a market capitalization of $149.84 billion, a P/E ratio of 35.40, a PEG ratio of 0.71 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The business’s fifty day moving average price is $75.41 and its 200 day moving average price is $71.00. Uber Technologies, Inc. has a twelve month low of $52.39 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. The business had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

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.