Trivant Custom Portfolio Group LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Trivant Custom Portfolio Group LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 9,499 shares of the ride-sharing company’s stock, valued at approximately $714,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. raised its position 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 worth $26,000 after acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. lifted its position in Uber Technologies by 111.6% during the 1st 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 during the period. WR Wealth Planners LLC boosted its stake in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp purchased a new stake in Uber Technologies in the first quarter worth about $32,000. Finally, MCF Advisors LLC lifted its holdings in shares of 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 during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s 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 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. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent research reports. JMP Securities upped their price target on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, August 7th. TD Cowen increased their price objective on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Evercore ISI boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Finally, Melius began 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. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.81.

Uber Technologies Trading Up 1.8 %

UBER stock traded up $1.34 during midday trading on Friday, reaching $74.28. The company’s stock had a trading volume of 10,757,712 shares, compared to its average volume of 17,910,965. The firm has a market capitalization of $156.06 billion, a price-to-earnings ratio of 119.81, a PEG ratio of 1.32 and a beta of 1.33. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The stock has a fifty day simple moving average of $71.02 and a two-hundred day simple moving average of $70.58.

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