Armstrong Henry H Associates Inc. Makes New Investment in Uber Technologies, Inc. $UBER

Armstrong Henry H Associates Inc. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 15,180 shares of the ride-sharing company’s stock, valued at approximately $1,487,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Kilter Group LLC acquired a new position in Uber Technologies during the second quarter valued at approximately $26,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at approximately $28,000. Truvestments Capital LLC boosted its stake in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies in the second quarter valued at about $30,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Uber Technologies during the 1st quarter valued at approximately $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on UBER shares. BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research report on Tuesday, November 4th. TD Cowen raised their target price on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Guggenheim decreased their price objective on Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.60.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider directly owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 264,875 shares of company stock valued at $26,501,255 over the last ninety days. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Stock Down 3.9%

NYSE UBER opened at $81.83 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $170.02 billion, a P/E ratio of 10.52 and a beta of 1.19. The stock has a fifty day moving average of $91.41 and a 200-day moving average of $91.79. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99.

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