Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Worth Financial Advisory Group LLC

Worth Financial Advisory Group LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 7.3% during the third quarter, Holdings Channel.com reports. The fund owned 25,955 shares of the ride-sharing company’s stock after purchasing an additional 1,763 shares during the quarter. Uber Technologies comprises 1.1% of Worth Financial Advisory Group LLC’s investment portfolio, making the stock its 20th biggest position. Worth Financial Advisory Group LLC’s holdings in Uber Technologies were worth $1,951,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC grew its position in shares of Uber Technologies by 17.1% in the second 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 period. Samlyn Capital LLC purchased a new position in Uber Technologies in the 2nd quarter valued at about $134,987,000. Lederer & Associates Investment Counsel CA acquired a new stake in Uber Technologies in the 3rd quarter worth about $799,000. Brookstone Capital Management increased its stake in Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after buying an additional 25,814 shares in the last quarter. Finally, BOCHK Asset Management Ltd raised its holdings in shares of Uber Technologies by 1,558.3% during 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 last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.1 %

UBER opened at $77.70 on Tuesday. The business has a fifty day moving average price of $75.09 and a 200 day moving average price of $70.77. 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 12 month low of $42.01 and a 12 month high of $87.00. The stock has a market capitalization of $163.24 billion, a price-to-earnings ratio of 85.38, a PEG ratio of 1.33 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 1.1 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on UBER shares. Truist Financial lifted their price target on Uber Technologies from $88.00 to $99.00 and gave the stock a “buy” rating in a research note on Monday, October 7th. Melius Research assumed coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research report on Thursday, October 17th. Wolfe Research began coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective for the company. Finally, The Goldman Sachs Group boosted their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Seven equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $88.86.

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.