Strategic Wealth Investment Group LLC Purchases 54,084 Shares of Uber Technologies, Inc. (NYSE:UBER)

Strategic Wealth Investment Group LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 48.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 165,805 shares of the ride-sharing company’s stock after buying an additional 54,084 shares during the period. Uber Technologies accounts for approximately 1.3% of Strategic Wealth Investment Group LLC’s portfolio, making the stock its 25th largest position. Strategic Wealth Investment Group LLC’s holdings in Uber Technologies were worth $12,309,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UBER. Aptus Capital Advisors LLC increased 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 purchasing an additional 1,383 shares during the last quarter. Samlyn Capital LLC purchased a new position in Uber Technologies during the second quarter worth $134,987,000. Lederer & Associates Investment Counsel CA bought a new position in Uber Technologies during the third quarter valued at $799,000. Brookstone Capital Management increased its position in Uber Technologies by 19.0% during the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after acquiring an additional 25,814 shares during the last quarter. Finally, BOCHK Asset Management Ltd raised its stake in shares of Uber Technologies by 1,558.3% in the third quarter. BOCHK Asset Management Ltd now owns 49,750 shares of the ride-sharing company’s stock valued at $3,739,000 after acquiring an additional 46,750 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’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 transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 3.80% of the company’s stock.

Uber Technologies Stock Up 0.1 %

Uber Technologies stock opened at $77.70 on Tuesday. The business’s 50-day simple moving average is $75.09 and its two-hundred day simple moving average is $70.77. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $163.24 billion, a PE ratio of 85.38, a PEG ratio of 1.33 and a beta of 1.33. Uber Technologies, Inc. has a fifty-two week low of $42.01 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the prior year, the firm earned $0.18 earnings per share. Uber Technologies’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts anticipate that Uber Technologies, Inc. will post 1.1 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. DA Davidson reiterated a “buy” rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, October 17th. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Loop Capital increased their price target on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Evercore ISI boosted their price objective on Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Friday, October 11th. Seven analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $88.86.

About Uber Technologies

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.