Mirador Capital Partners LP Boosts Holdings in Uber Technologies, Inc. (NYSE:UBER)

Mirador Capital Partners LP grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,694 shares of the ride-sharing company’s stock after purchasing an additional 2,351 shares during the period. Mirador Capital Partners LP’s holdings in Uber Technologies were worth $4,562,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. grew its position in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC increased its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in Uber Technologies during the first quarter valued at about $32,000. Finally, MCF Advisors LLC raised its position in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $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 owned by company insiders.

Uber Technologies Stock Up 1.8 %

Uber Technologies stock traded up $1.34 during mid-day trading on Friday, hitting $74.28. The company 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 company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock’s 50 day moving average price is $71.02 and its two-hundred day moving average price is $70.58. The company has a market capitalization of $156.06 billion, a PE ratio of 119.76, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.18 EPS. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UBER. JMP Securities increased their price target on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research report on Wednesday, August 7th. Evercore ISI lifted their target price on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Melius began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. Oppenheimer boosted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Finally, Roth Mkm raised their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $87.81.

About Uber Technologies

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.