SeaCrest Wealth Management LLC Increases Position in Uber Technologies, Inc. (NYSE:UBER)

SeaCrest Wealth Management LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 93.8% in the 3rd quarter, Holdings Channel reports. The fund owned 47,043 shares of the ride-sharing company’s stock after purchasing an additional 22,773 shares during the period. SeaCrest Wealth Management LLC’s holdings in Uber Technologies were worth $3,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the period. Financial Management Professionals Inc. increased its position in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC increased its position in Uber Technologies by 563.9% during 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 during the last quarter. J.Safra Asset Management Corp purchased a new position in Uber Technologies during the first quarter worth approximately $32,000. Finally, MCF Advisors LLC boosted its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.2 %

Shares of NYSE:UBER opened at $83.05 on Wednesday. The company’s fifty day moving average is $73.54 and its two-hundred day moving average is $70.55. 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 1-year low of $40.09 and a 1-year high of $87.00. The stock has a market capitalization of $173.53 billion, a price-to-earnings ratio of 134.26, a price-to-earnings-growth ratio of 1.35 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. Uber Technologies’s quarterly revenue was up 15.9% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’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 sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. 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.

Analyst Ratings Changes

A number of research firms have issued reports on UBER. Royal Bank of Canada reissued an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Evercore ISI boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Bank of America reissued a “buy” rating and set a $88.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. DA Davidson lifted their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a research report on Friday, September 13th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.11.

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.