Salem Investment Counselors Inc. Buys 200 Shares of Uber Technologies, Inc. (NYSE:UBER)

Salem Investment Counselors Inc. raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 29.1% in the 1st quarter, Holdings Channel reports. The firm owned 888 shares of the ride-sharing company’s stock after purchasing an additional 200 shares during the quarter. Salem Investment Counselors Inc.’s holdings in Uber Technologies were worth $68,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Acadian Asset Management LLC grew its holdings in Uber Technologies by 15.0% during the 3rd quarter. Acadian Asset Management LLC now owns 31,891 shares of the ride-sharing company’s stock worth $1,464,000 after acquiring an additional 4,168 shares during the period. Dark Forest Capital Management LP grew its holdings in Uber Technologies by 62.2% during the 3rd quarter. Dark Forest Capital Management LP now owns 7,846 shares of the ride-sharing company’s stock worth $361,000 after acquiring an additional 3,009 shares during the period. Federated Hermes Inc. grew its holdings in Uber Technologies by 19.7% during the 3rd quarter. Federated Hermes Inc. now owns 376,443 shares of the ride-sharing company’s stock worth $17,313,000 after acquiring an additional 61,958 shares during the period. Cary Street Partners Investment Advisory LLC grew its holdings in Uber Technologies by 32.2% during the 3rd quarter. Cary Street Partners Investment Advisory LLC now owns 6,895 shares of the ride-sharing company’s stock worth $317,000 after acquiring an additional 1,681 shares during the period. Finally, Meiji Yasuda Asset Management Co Ltd. grew its holdings in Uber Technologies by 11.6% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 30,089 shares of the ride-sharing company’s stock worth $1,384,000 after acquiring an additional 3,120 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Tony West sold 28,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Tony West sold 28,000 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $65.93, for a total transaction of $32,965,000.00. Following the completion of the transaction, the chief executive officer now owns 1,656,996 shares of the company’s stock, valued at $109,245,746.28. The disclosure for this sale can be found here. Insiders sold 635,984 shares of company stock worth $42,258,297 in the last three months. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on UBER. Needham & Company LLC restated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, May 8th. Truist Financial raised their target price on Uber Technologies from $90.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, March 27th. Jefferies Financial Group reduced their target price on Uber Technologies from $103.00 to $100.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Loop Capital dropped their price target on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Finally, Piper Sandler raised their price target on shares of Uber Technologies from $78.00 to $92.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Two research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $84.47.

Uber Technologies Stock Down 0.1 %

Uber Technologies stock opened at $70.21 on Monday. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The firm has a market capitalization of $146.71 billion, a price-to-earnings ratio of 113.24, a P/E/G ratio of 1.54 and a beta of 1.37. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a 50 day simple moving average of $67.99 and a 200 day simple moving average of $69.51.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The firm’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.08) earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 0.84 earnings per share for the current year.

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.