Dynasty Wealth Management LLC Grows Position in Uber Technologies, Inc. $UBER

Dynasty Wealth Management LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBERFree Report) by 153.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 52,912 shares of the ride-sharing company’s stock after buying an additional 32,025 shares during the period. Dynasty Wealth Management LLC’s holdings in Uber Technologies were worth $5,184,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in UBER. Brant Point Investment Management LLC purchased a new stake in Uber Technologies during the second quarter valued at about $933,000. Econ Financial Services Corp bought a new position in Uber Technologies during the 3rd quarter worth approximately $1,538,000. Spirepoint Private Client LLC increased its stake in Uber Technologies by 21.9% in the 3rd quarter. Spirepoint Private Client LLC now owns 74,828 shares of the ride-sharing company’s stock worth $7,331,000 after purchasing an additional 13,454 shares during the period. Munro Partners purchased a new stake in shares of Uber Technologies during the second quarter valued at approximately $96,294,000. Finally, Prudential PLC increased its stake in shares of Uber Technologies by 15.7% in the second quarter. Prudential PLC now owns 216,855 shares of the ride-sharing company’s stock worth $20,233,000 after buying an additional 29,359 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on UBER. Susquehanna restated a “positive” rating and issued a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. BNP Paribas initiated coverage on Uber Technologies in a research report on Wednesday, January 14th. They set an “outperform” rating and a $108.00 price target for the company. TD Cowen lifted their price objective on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $109.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-two have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.18.

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Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s 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 completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 3,125 shares of the 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 sale, the insider directly owned 175,423 shares in the company, 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. Insiders sold 11,750 shares of company stock valued at $1,058,193 in the last 90 days. Company insiders own 3.70% of the company’s stock.

Uber Technologies Stock Up 0.6%

Shares of Uber Technologies stock opened at $84.90 on Tuesday. The company has a 50-day simple moving average of $85.41 and a two-hundred day simple moving average of $91.02. The stock has a market capitalization of $176.41 billion, a PE ratio of 10.91 and a beta of 1.20. Uber Technologies, Inc. has a 52-week low of $60.63 and a 52-week 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.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share 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 company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter last year, the firm earned $1.20 earnings per share. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

(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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