Financial Consulate Inc. Buys New Holdings in Uber Technologies, Inc. $UBER

Financial Consulate Inc. purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 9,091 shares of the ride-sharing company’s stock, valued at approximately $891,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Kilter Group LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at about $26,000. Westend Capital Management LLC acquired a new position in Uber Technologies in the third quarter worth about $27,000. West Oak Capital LLC bought a new position in Uber Technologies during the second quarter worth about $28,000. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the second quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd acquired a new stake in Uber Technologies during the first quarter valued at approximately $31,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Down 0.6%

UBER opened at $81.66 on Friday. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $169.68 billion, a PE ratio of 10.50 and a beta of 1.21. Uber Technologies, Inc. has a 1-year low of $60.17 and a 1-year high of $101.99. The firm has a 50-day moving average price of $87.89 and a two-hundred day moving average price of $91.33.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) 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 analyst estimates of $13.25 billion. During the same period in the prior year, the business earned $1.20 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction 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 approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Tony West sold 3,125 shares of Uber Technologies 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 completion of the sale, the insider directly owned 175,423 shares of the company’s stock, valued at $14,096,992.28. This trade represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 14,875 shares of company stock worth $1,348,818. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent research reports. Stifel Nicolaus set a $122.00 target price on Uber Technologies in a report on Tuesday, November 4th. The Goldman Sachs Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Morgan Stanley cut their price objective on Uber Technologies from $115.00 to $110.00 and set an “overweight” rating for the company in a report on Monday, December 8th. Arete Research set a $125.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, December 3rd. Finally, Truist Financial increased their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $108.82.

About Uber Technologies

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.