17 Capital Partners LLC Boosts Position in Uber Technologies, Inc. $UBER

17 Capital Partners LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 350.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 25,393 shares of the ride-sharing company’s stock after acquiring an additional 19,752 shares during the period. Uber Technologies comprises 1.4% of 17 Capital Partners LLC’s holdings, making the stock its 10th largest holding. 17 Capital Partners LLC’s holdings in Uber Technologies were worth $2,369,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Hilltop National Bank acquired a new position in shares of Uber Technologies in the 2nd quarter valued at about $96,000. American Capital Advisory LLC increased its holdings in Uber Technologies by 47.8% in the second quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock worth $1,213,000 after purchasing an additional 4,204 shares in the last quarter. Geode Capital Management LLC lifted its stake in Uber Technologies by 2.6% in the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after buying an additional 1,168,288 shares during the period. Teacher Retirement System of Texas boosted its holdings in shares of Uber Technologies by 50.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after buying an additional 183,085 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in shares of Uber Technologies by 805.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after buying an additional 91,362 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 100,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 602,000 shares of company stock valued at $58,695,660 in the last 90 days. Insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 1.7%

UBER opened at $89.28 on Thursday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm has a market capitalization of $185.50 billion, a PE ratio of 11.48 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The company’s 50-day moving average is $95.27 and its 200 day moving average is $91.92.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the company earned $1.20 earnings per share. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. BTIG Research reiterated a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Stifel Nicolaus set a $122.00 target price on Uber Technologies in a research report on Tuesday, November 4th. Finally, Susquehanna reaffirmed a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $108.26.

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.