Uber Technologies, Inc. $UBER Shares Acquired by Capital Advisors Inc. OK

Capital Advisors Inc. OK increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 373,926 shares of the ride-sharing company’s stock after acquiring an additional 14,783 shares during the period. Capital Advisors Inc. OK’s holdings in Uber Technologies were worth $36,634,000 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. Financiere des Professionnels Fonds d investissement inc. acquired a new stake in Uber Technologies in the 3rd quarter valued at about $835,000. Hedeker Wealth LLC increased its stake in shares of Uber Technologies by 1.8% during the third quarter. Hedeker Wealth LLC now owns 84,317 shares of the ride-sharing company’s stock worth $8,261,000 after buying an additional 1,452 shares during the period. TruNorth Capital Management LLC acquired a new stake in Uber Technologies in the third quarter valued at approximately $46,000. Simon Quick Advisors LLC raised its holdings in Uber Technologies by 16.1% in the third quarter. Simon Quick Advisors LLC now owns 14,945 shares of the ride-sharing company’s stock valued at $1,464,000 after acquiring an additional 2,073 shares in the last quarter. Finally, Olstein Capital Management L.P. purchased a new position in Uber Technologies in the third quarter worth approximately $2,743,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UBER. Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a research report on Monday, December 29th. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a research note 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 report on Wednesday, November 5th. Finally, BMO Capital Markets dropped their price objective on Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.33.

Insider Buying and Selling

In other news, 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 transaction, the insider directly owned 175,423 shares of the company’s stock, valued at $14,096,992.28. The trade was a 1.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction 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 completion of the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 14,875 shares of company stock worth $1,348,818. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 1.3%

UBER opened at $82.76 on Friday. Uber Technologies, Inc. has a one year low of $60.63 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a market capitalization of $171.96 billion, a P/E ratio of 10.64 and a beta of 1.20. The business’s 50-day simple moving average is $87.66 and its 200-day simple moving average is $91.36.

Uber Technologies (NYSE:UBER) last released its quarterly 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. 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 firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.20 EPS. Analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.