V Square Quantitative Management LLC Buys 3,515 Shares of Uber Technologies, Inc. (NYSE:UBER)

V Square Quantitative Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 35.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,545 shares of the ride-sharing company’s stock after purchasing an additional 3,515 shares during the period. V Square Quantitative Management LLC’s holdings in Uber Technologies were worth $1,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. increased its position 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 valued at $26,000 after purchasing an additional 245 shares during the last quarter. Financial Management Professionals Inc. increased its stake in shares of Uber Technologies by 111.6% in the 1st 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 in the last quarter. WR Wealth Planners LLC increased its position 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 buying an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies during the 1st quarter valued at approximately $32,000. Finally, MCF Advisors LLC increased its holdings in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on UBER. Truist Financial lifted their target price on shares of Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, August 7th. DA Davidson reiterated a “buy” rating and set a $82.00 price objective on shares of Uber Technologies in a research report on Thursday. Citigroup increased their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Melius initiated coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $88.51.

Uber Technologies Trading Down 0.9 %

Shares of NYSE UBER opened at $79.16 on Friday. The business has a fifty day moving average price of $74.30 and a 200 day moving average price of $70.72. 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 1-year low of $40.09 and a 1-year high of $87.00. The stock has a market capitalization of $165.41 billion, a P/E ratio of 127.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued 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 firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.84% of the stock is currently owned by company insiders.

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.