7,697 Shares in Uber Technologies, Inc. $UBER Bought by Aspiriant LLC

Aspiriant LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,697 shares of the ride-sharing company’s stock, valued at approximately $754,000.

Several other hedge funds have also recently made changes to their positions in the business. Kilter Group LLC bought a new stake in Uber Technologies during the second quarter worth approximately $26,000. Westend Capital Management LLC bought a new position in shares of Uber Technologies during the 3rd quarter valued at approximately $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies during the 2nd quarter valued at approximately $28,000. Trust Co. of Toledo NA OH purchased a new stake in Uber Technologies during the 2nd quarter valued at $30,000. Finally, Total Investment Management Inc. bought a new stake in Uber Technologies in the second quarter worth $32,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 1.0%

NYSE:UBER opened at $84.63 on Tuesday. 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 $60.63 and a 1-year high of $101.99. The company has a 50-day moving average of $86.25 and a 200 day moving average of $91.29. The firm has a market cap of $175.84 billion, a PE ratio of 10.88 and a beta of 1.20.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same quarter in the previous year, the business posted $1.20 EPS. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the sale, the insider 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction 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 SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 14,875 shares of company stock valued at $1,348,818. 3.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on UBER. TD Cowen lifted their price objective on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Arete Research set a $125.00 target price on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, December 3rd. BTIG Research reiterated a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Needham & Company LLC reissued a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Finally, Wedbush cut their price target on shares of Uber Technologies from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $107.14.

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.