Wahed Invest LLC Buys 3,972 Shares of Uber Technologies, Inc. (NYSE:UBER)

Wahed Invest LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,397 shares of the ride-sharing company’s stock after buying an additional 3,972 shares during the period. Wahed Invest LLC’s holdings in Uber Technologies were worth $3,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Weaver Consulting Group bought a new stake in shares of Uber Technologies during the third quarter valued at about $203,000. Weiss Asset Management LP bought a new position in shares of Uber Technologies in the third quarter worth approximately $6,586,000. Taika Capital LP increased its position in shares of Uber Technologies by 221.9% in the third quarter. Taika Capital LP now owns 70,626 shares of the ride-sharing company’s stock worth $5,308,000 after purchasing an additional 48,686 shares during the last quarter. Stevens Capital Management LP bought a new position in shares of Uber Technologies in the third quarter worth approximately $1,206,000. Finally, Stifel Financial Corp increased its position in shares of Uber Technologies by 1.4% in the third quarter. Stifel Financial Corp now owns 2,503,141 shares of the ride-sharing company’s stock worth $188,136,000 after purchasing an additional 34,055 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Shares of UBER stock opened at $65.25 on Friday. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The stock’s 50-day moving average is $74.86 and its 200 day moving average is $71.37. The company has a market cap of $137.39 billion, a P/E ratio of 32.46, a PEG ratio of 0.89 and a beta of 1.33. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the business posted $0.10 earnings per share. The firm’s revenue was up 20.4% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on UBER. Jefferies Financial Group upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research report on Thursday, October 17th. Evercore ISI upped their target price on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. DA Davidson upped their target price on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Monday, October 7th. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the transaction, the insider now directly owns 107,289 shares in the company, valued at $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 3.84% of the company’s stock.

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.