2,875 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Biltmore Wealth Management LLC

Biltmore Wealth Management LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,875 shares of the ride-sharing company’s stock, valued at approximately $216,000.

Several other large investors also recently modified their holdings of UBER. GHP Investment Advisors Inc. lifted its holdings in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares in the last quarter. Financial Management Professionals Inc. lifted its stake in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the period. J.Safra Asset Management Corp purchased a new position in shares of Uber Technologies during the 1st quarter valued at $32,000. Finally, MCF Advisors LLC increased its holdings in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 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 equities research analysts recently weighed in on the stock. Truist Financial reaffirmed a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a research note on Friday, September 6th. Melius started coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, August 7th. Wolfe Research began coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target for the company. Finally, Piper Sandler raised their price objective on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $87.81.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of NYSE:UBER traded up $1.34 during trading on Friday, hitting $74.28. The company’s stock had a trading volume of 10,757,712 shares, compared to its average volume of 17,910,965. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The firm has a market cap of $156.06 billion, a price-to-earnings ratio of 119.76, a P/E/G ratio of 1.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The company has a 50-day moving average of $71.02 and a 200-day moving average of $70.58.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.18 earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current year.

Uber Technologies Company Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.