CV Advisors LLC Buys New Shares in Uber Technologies, Inc. $UBER

CV Advisors LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 23,860 shares of the ride-sharing company’s stock, valued at approximately $2,338,000. Uber Technologies accounts for about 0.6% of CV Advisors LLC’s holdings, making the stock its 15th largest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Kilter Group LLC bought a new position in shares of Uber Technologies in the second quarter worth about $26,000. Westend Capital Management LLC bought a new stake in Uber Technologies during the 3rd quarter valued at approximately $27,000. West Oak Capital LLC purchased a new position in Uber Technologies in the 2nd quarter worth approximately $28,000. 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 bought a new position in Uber Technologies in the 1st quarter worth approximately $31,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

UBER stock opened at $81.66 on Friday. Uber Technologies, Inc. has a 52 week low of $60.17 and a 52 week high of $101.99. The firm has a market capitalization of $169.68 billion, a P/E ratio of 10.50 and a beta of 1.21. The company has a fifty day simple moving average of $87.89 and a two-hundred day simple moving average of $91.33. 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 (NYSE:UBER) last posted its 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. The firm had revenue of $13.47 billion for 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%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.20 EPS. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UBER shares. Truist Financial lifted their price objective on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” 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 note on Saturday, November 8th. BMO Capital Markets reduced their price target 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. Cowen reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, Wedbush cut their price objective on Uber Technologies from $84.00 to $78.00 and set a “neutral” rating for the company in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.82.

Insider Activity

In other news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total value of $251,125.00. Following the completion of the transaction, the insider owned 175,423 shares in the company, valued at approximately $14,096,992.28. The trade was a 1.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’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 value of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $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. In the last quarter, insiders sold 14,875 shares of company stock valued at $1,348,818. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Company 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.