D.A. Davidson & CO. Has $15.99 Million Holdings in Uber Technologies, Inc. $UBER

D.A. Davidson & CO. increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 7.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 163,189 shares of the ride-sharing company’s stock after acquiring an additional 11,537 shares during the quarter. D.A. Davidson & CO.’s holdings in Uber Technologies were worth $15,988,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of UBER. Brighton Jones LLC boosted its stake in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC lifted its position in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after acquiring an additional 641 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of Uber Technologies by 26.1% during the 1st quarter. Integrated Wealth Concepts LLC now owns 61,170 shares of the ride-sharing company’s stock worth $4,457,000 after purchasing an additional 12,654 shares in the last quarter. Finally, Plancorp LLC bought a new position in shares of Uber Technologies in the first quarter worth $273,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 2.6%

Shares of UBER opened at $80.72 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. Uber Technologies, Inc. has a 52 week low of $60.63 and a 52 week high of $101.99. The stock has a market capitalization of $167.72 billion, a price-to-earnings ratio of 10.37 and a beta of 1.20. The stock has a fifty day moving average of $87.35 and a 200-day moving average of $91.40.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings data 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 business 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%.Uber Technologies’s quarterly revenue 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. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the transaction, the insider owned 175,423 shares of the company’s stock, valued at approximately $14,096,992.28. This trade represents a 1.75% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,875 shares of company stock worth $1,348,818. Company insiders own 3.70% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Mizuho assumed coverage on shares of Uber Technologies in a research report on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price for the company. Erste Group Bank lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. 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 note on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.33.

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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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