Baltimore Washington Financial Advisors Inc. Acquires 27,847 Shares of Uber Technologies, Inc. $UBER

Baltimore Washington Financial Advisors Inc. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 7.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 383,394 shares of the ride-sharing company’s stock after purchasing an additional 27,847 shares during the quarter. Uber Technologies comprises 1.7% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 21st biggest position. Baltimore Washington Financial Advisors Inc.’s holdings in Uber Technologies were worth $35,771,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of UBER. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the second quarter worth $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies in the 2nd quarter valued at $30,000. Vision Financial Markets LLC acquired a new position in Uber Technologies in the 1st quarter worth $27,000. Truvestments Capital LLC increased its holdings in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC raised its stake in shares of Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after purchasing an additional 250 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of UBER opened at $85.79 on Thursday. The company has a market cap of $178.26 billion, a PE ratio of 11.03 and a beta of 1.46. The firm has a 50-day moving average of $94.07 and a 200-day moving average of $91.92. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15.

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

Analyst Ratings Changes

UBER has been the subject of a number of research reports. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. 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. Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. Raymond James Financial increased their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 567,625 shares of company stock worth $55,385,660. 3.84% of the stock is owned by company insiders.

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.