Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Talbot Financial LLC

Talbot Financial LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.8% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,854 shares of the ride-sharing company’s stock after acquiring an additional 3,843 shares during the quarter. Talbot Financial LLC’s holdings in Uber Technologies were worth $7,881,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of UBER. Wealthspire Advisors LLC raised its stake in Uber Technologies by 0.6% during the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after purchasing an additional 151 shares during the period. Sivia Capital Partners LLC raised its position in shares of Uber Technologies by 3.3% during the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 157 shares during the period. Wellington Shields Capital Management LLC lifted its holdings in Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after acquiring an additional 159 shares during the last quarter. Industrial Alliance Investment Management Inc. grew its position in Uber Technologies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares during the period. Finally, Quent Capital LLC grew its position in Uber Technologies by 6.6% in the first quarter. Quent Capital LLC now owns 2,732 shares of the ride-sharing company’s stock worth $210,000 after acquiring an additional 170 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was 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 owns 1,266,114 shares in the company, valued at $91,046,257.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 completion of the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 completion of the sale, 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 disclosure for this sale can be found here. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Up 2.1 %

Shares of NYSE UBER opened at $76.17 on Wednesday. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market cap of $160.03 billion, a PE ratio of 122.85, a price-to-earnings-growth ratio of 1.34 and a beta of 1.33. The business has a 50-day moving average price of $71.50 and a 200 day moving average price of $70.41.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Cowen upped their price target on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Piper Sandler upped their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research report on Tuesday, June 25th. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target for the company. Raymond James initiated coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target on the stock. Finally, Roth Mkm increased their price objective on shares of 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $88.11.

Uber Technologies 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.