Grant Private Wealth Management Inc Invests $4.10 Million in Uber Technologies, Inc. $UBER

Grant Private Wealth Management Inc acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 41,877 shares of the ride-sharing company’s stock, valued at approximately $4,103,000. Uber Technologies comprises 2.5% of Grant Private Wealth Management Inc’s holdings, making the stock its 8th largest position.

Other institutional investors and hedge funds have also modified their holdings of the company. Canandaigua National Bank & Trust Co. acquired a new stake in Uber Technologies during the third quarter worth approximately $391,000. Salem Investment Counselors Inc. lifted its stake in shares of Uber Technologies by 7.1% during the 3rd quarter. Salem Investment Counselors Inc. now owns 5,186 shares of the ride-sharing company’s stock worth $508,000 after purchasing an additional 345 shares during the period. Quintet Private Bank Europe S.A. boosted its holdings in shares of Uber Technologies by 67.2% during the third quarter. Quintet Private Bank Europe S.A. now owns 7,217 shares of the ride-sharing company’s stock worth $707,000 after purchasing an additional 2,900 shares during the last quarter. Union Bancaire Privee UBP SA grew its position in shares of Uber Technologies by 69.9% in the third quarter. Union Bancaire Privee UBP SA now owns 24,647 shares of the ride-sharing company’s stock valued at $2,267,000 after purchasing an additional 10,136 shares during the period. Finally, Mirador Capital Partners LP grew its position in shares of Uber Technologies by 6.6% in the third quarter. Mirador Capital Partners LP now owns 131,550 shares of the ride-sharing company’s stock valued at $12,888,000 after purchasing an additional 8,108 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 1.2%

Shares of UBER stock opened at $80.89 on Wednesday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm’s 50 day moving average price is $91.07 and its two-hundred day moving average price is $91.76. The stock has a market cap of $168.07 billion, a price-to-earnings ratio of 10.40 and a beta of 1.19.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 264,875 shares of company stock valued at $26,501,255 over the last three months. 3.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on UBER. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Guggenheim cut their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Cantor Fitzgerald raised their target price on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 5th. Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Wednesday, December 10th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $108.60.

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.