Farther Finance Advisors LLC Acquires 9,222 Shares of Uber Technologies, Inc. $UBER

Farther Finance Advisors LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 22.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,014 shares of the ride-sharing company’s stock after acquiring an additional 9,222 shares during the quarter. Farther Finance Advisors LLC’s holdings in Uber Technologies were worth $4,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Kilter Group LLC purchased a new position in shares of Uber Technologies in the second quarter valued at about $26,000. West Oak Capital LLC purchased a new position in Uber Technologies in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC lifted its holdings in Uber Technologies by 498.5% in 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. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the 2nd quarter worth approximately $30,000. Finally, Ransom Advisory Ltd purchased a new stake in Uber Technologies during the 1st quarter valued at approximately $31,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Tony West sold 3,125 shares of the stock in a transaction on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total value of $251,125.00. Following the sale, the insider owned 175,423 shares of the company’s stock, valued at approximately $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The stock was 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 approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,875 shares of company stock worth $1,348,818 in the last quarter. Company insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

NYSE:UBER opened at $81.14 on Thursday. The firm has a market capitalization of $168.60 billion, a price-to-earnings ratio of 10.43 and a beta of 1.19. Uber Technologies, Inc. has a 1 year low of $60.02 and a 1 year high of $101.99. The business has a 50 day simple moving average of $89.27 and a 200-day simple moving average of $91.55. 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:UBERGet Free Report) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UBER shares. BMO Capital Markets lowered their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Susquehanna reiterated a “positive” rating and issued a $110.00 price target on shares of Uber Technologies in a research note on Wednesday, November 5th. Truist Financial increased their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Mizuho assumed coverage on Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective for the company. Finally, Piper Sandler set a $107.00 target price on Uber Technologies in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have assigned 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 $108.43.

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Uber Technologies Company Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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