Future Financial Wealth Managment LLC Buys 500 Shares of Uber Technologies, Inc. (NYSE:UBER)

Future Financial Wealth Managment LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 11.1% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 5,000 shares of the ride-sharing company’s stock after purchasing an additional 500 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in Uber Technologies were worth $376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. raised its holdings in shares of Uber Technologies by 222.7% during the second 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. raised its holdings in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC raised its holdings in shares of Uber Technologies by 563.9% during 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 in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies during the first quarter valued at approximately $32,000. Finally, MCF Advisors LLC grew its stake in 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. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

UBER has been the subject of a number of research reports. Morgan Stanley increased their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Loop Capital increased their price objective on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Oppenheimer increased their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Evercore ISI increased their price objective on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, JMP Securities increased their price objective on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $88.11.

Uber Technologies Stock Up 2.1 %

UBER stock opened at $76.17 on Wednesday. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month 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 P/E ratio of 122.85, a PEG ratio of 1.34 and a beta of 1.33. The business’s 50-day moving average price is $71.50 and its 200-day moving average price is $70.41.

Uber Technologies (NYSE:UBER) last posted 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. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the firm earned $0.18 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.04 EPS for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Uber Technologies 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 value 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 $91,046,257.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 3.84% of the company’s stock.

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.