Uber Technologies, Inc. (NYSE:UBER) Shares Bought by First Long Island Investors LLC

First Long Island Investors LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 290,987 shares of the ride-sharing company’s stock after buying an additional 13,334 shares during the period. Uber Technologies accounts for 1.7% of First Long Island Investors LLC’s holdings, making the stock its 24th biggest position. First Long Island Investors LLC’s holdings in Uber Technologies were worth $21,871,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 222.7% in the second 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 period. WR Wealth Planners LLC boosted its holdings in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. MCF Advisors LLC boosted 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 valued at $32,000 after purchasing an additional 405 shares during the last quarter. Founders Capital Management purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $33,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

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 stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.4 %

Shares of UBER stock traded up $1.03 during mid-day trading on Friday, reaching $72.47. 5,018,021 shares of the stock traded hands, compared to its average volume of 18,093,723. The stock’s fifty day simple moving average is $75.40 and its two-hundred day simple moving average is $71.00. Uber Technologies, Inc. has a 1-year low of $53.15 and a 1-year high of $87.00. The company has a market cap of $152.60 billion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued 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. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $0.10 earnings per share. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company cut their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Morgan Stanley upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. KeyCorp lowered their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a research note on Thursday, October 31st. Finally, Citigroup upped their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price 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.