Uber Technologies, Inc. (NYSE:UBER) is SCP Investment LP’s 2nd Largest Position

SCP Investment LP raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 11.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 350,000 shares of the ride-sharing company’s stock after purchasing an additional 35,000 shares during the quarter. Uber Technologies accounts for about 19.1% of SCP Investment LP’s holdings, making the stock its 2nd biggest position. SCP Investment LP’s holdings in Uber Technologies were worth $26,306,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. lifted its holdings 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 in the last quarter. WR Wealth Planners LLC lifted its stake 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 buying an additional 344 shares in the last quarter. MCF Advisors LLC increased its position in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. Founders Capital Management acquired a new position in shares of Uber Technologies in the second quarter worth $33,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Uber Technologies in the second quarter valued at $36,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies 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 sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UBER. Morgan Stanley boosted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and set a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Jefferies Financial Group boosted their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, October 22nd. Finally, Loop Capital increased their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Trading Down 0.3 %

Shares of Uber Technologies stock opened at $69.13 on Wednesday. The business has a fifty day simple moving average of $75.47 and a 200-day simple moving average of $71.11. Uber Technologies, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $87.00. The firm has a market cap of $145.57 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 0.73 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 announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

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.