WIM INVESTMENT MANAGEMENT Ltd Purchases Shares of 206,088 Uber Technologies, Inc. (NYSE:UBER)

WIM INVESTMENT MANAGEMENT Ltd purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 206,088 shares of the ride-sharing company’s stock, valued at approximately $15,490,000. Uber Technologies accounts for 6.5% of WIM INVESTMENT MANAGEMENT Ltd’s portfolio, making the stock its 6th largest holding.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its stake in Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares in the last quarter. WR Wealth Planners LLC boosted its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. MCF Advisors LLC boosted its stake in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. Founders Capital Management acquired a new position in Uber Technologies in the second quarter worth $33,000. Finally, Fairfield Financial Advisors LTD acquired a new position in Uber Technologies in the second quarter worth $36,000. 80.24% of the stock is currently owned by institutional investors.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction 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 approximately $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 2.5 %

NYSE:UBER opened at $73.25 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $154.24 billion, a PE ratio of 36.44, a PEG ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $53.15 and a 52-week high of $87.00. The stock has a 50-day simple moving average of $75.48 and a 200 day simple moving average of $71.05.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the company earned $0.10 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UBER. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. The Goldman Sachs Group upped their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Monday, October 7th. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Bank of America upped their price target on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

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.