Bey Douglas LLC Buys Shares of 15,082 Uber Technologies, Inc. $UBER

Bey Douglas LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBERFree Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,082 shares of the ride-sharing company’s stock, valued at approximately $1,478,000. Uber Technologies makes up about 1.1% of Bey Douglas LLC’s investment portfolio, making the stock its 21st biggest holding.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Uber Technologies during the 2nd quarter valued at $2,348,319,000. Pacer Advisors Inc. boosted its position in Uber Technologies by 1,905.3% during the third quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock valued at $426,216,000 after purchasing an additional 4,133,532 shares during the last quarter. Vanguard Group Inc. boosted its position in Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after purchasing an additional 3,025,483 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in Uber Technologies by 4,471.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,966,828 shares of the ride-sharing company’s stock valued at $290,660,000 after purchasing an additional 2,901,936 shares in the last quarter. Finally, Nordea Investment Management AB increased its position in Uber Technologies by 105.9% in the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after purchasing an additional 2,807,967 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

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 shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the sale, the insider owned 176,584 shares in the company, valued at $14,744,764. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 14,875 shares of company stock valued at $1,319,130. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on UBER shares. TD Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Exane BNP Paribas upgraded Uber Technologies to a “strong-buy” rating in a report on Wednesday, January 14th. BNP Paribas Exane began coverage on shares of Uber Technologies in a research note on Wednesday, January 14th. They issued an “outperform” rating and a $108.00 target price for the company. UBS Group set a $122.00 target price on shares of Uber Technologies and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Four research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.97.

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Uber Technologies Price Performance

Shares of NYSE:UBER opened at $84.20 on Thursday. The company has a market cap of $174.95 billion, a price-to-earnings ratio of 10.82 and a beta of 1.20. The business has a 50 day moving average price of $85.02 and a 200 day moving average price of $90.90. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $60.63 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same period in the previous year, the company earned $1.20 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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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