Uber Technologies, Inc. $UBER Shares Bought by FFG Partners LLC

FFG Partners LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 17.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 144,159 shares of the ride-sharing company’s stock after purchasing an additional 21,315 shares during the period. Uber Technologies comprises about 3.8% of FFG Partners LLC’s investment portfolio, making the stock its 11th biggest holding. FFG Partners LLC’s holdings in Uber Technologies were worth $14,123,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mattson Financial Services LLC grew its position in shares of Uber Technologies by 2.0% in the 3rd quarter. Mattson Financial Services LLC now owns 19,848 shares of the ride-sharing company’s stock worth $1,945,000 after acquiring an additional 389 shares in the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in Uber Technologies by 1.3% during the third quarter. Dumont & Blake Investment Advisors LLC now owns 8,975 shares of the ride-sharing company’s stock worth $879,000 after purchasing an additional 115 shares during the last quarter. Three Seasons Wealth LLC acquired a new position in Uber Technologies in the third quarter worth $463,000. Westend Capital Management LLC bought a new stake in Uber Technologies during the third quarter valued at $27,000. Finally, Burr Financial Services LLC raised its holdings in shares of Uber Technologies by 1.1% during the third quarter. Burr Financial Services LLC now owns 71,194 shares of the ride-sharing company’s stock worth $6,975,000 after purchasing an additional 761 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Tony West sold 3,125 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider directly owned 175,423 shares in the company, valued at $14,096,992.28. This trade represents a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred on 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 owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 14,875 shares of company stock valued at $1,348,818. Company insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on UBER shares. Guggenheim lowered their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Wednesday, November 5th. Stifel Nicolaus set a $122.00 target price on Uber Technologies in a report on Tuesday, November 4th. Barclays cut their price target on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a report on Wednesday, November 5th. UBS Group set a $122.00 price objective on Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Finally, Erste Group Bank cut Uber Technologies from a “buy” rating to a “hold” rating in a research note on Friday, December 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.43.

Uber Technologies Stock Up 0.1%

Shares of Uber Technologies stock opened at $81.23 on Monday. 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, Inc. has a 1-year low of $60.02 and a 1-year high of $101.99. The business’s fifty day moving average price is $88.82 and its two-hundred day moving average price is $91.51. The company has a market capitalization of $168.78 billion, a P/E ratio of 10.44 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS 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 quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the company earned $1.20 earnings per share. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies Profile

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.