Strategic Wealth Partners Ltd. Has $3.21 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Strategic Wealth Partners Ltd. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 21.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,707 shares of the ride-sharing company’s stock after purchasing an additional 7,552 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Uber Technologies were worth $3,210,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UBER. Regal Investment Advisors LLC lifted its holdings in Uber Technologies by 13.6% in the fourth quarter. Regal Investment Advisors LLC now owns 8,037 shares of the ride-sharing company’s stock valued at $495,000 after buying an additional 965 shares during the period. MGO One Seven LLC lifted its holdings in Uber Technologies by 0.6% in the fourth quarter. MGO One Seven LLC now owns 32,918 shares of the ride-sharing company’s stock valued at $2,027,000 after buying an additional 203 shares during the period. Ethic Inc. lifted its holdings in Uber Technologies by 8.8% in the fourth quarter. Ethic Inc. now owns 123,747 shares of the ride-sharing company’s stock valued at $7,619,000 after buying an additional 10,044 shares during the period. Alta Park Capital LP lifted its holdings in Uber Technologies by 69.0% in the fourth quarter. Alta Park Capital LP now owns 628,961 shares of the ride-sharing company’s stock valued at $38,725,000 after buying an additional 256,819 shares during the period. Finally, Left Brain Wealth Management LLC lifted its holdings in Uber Technologies by 2.5% in the fourth quarter. Left Brain Wealth Management LLC now owns 60,234 shares of the ride-sharing company’s stock valued at $3,709,000 after buying an additional 1,474 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of UBER stock opened at $76.17 on Wednesday. The stock has a market cap of $160.03 billion, a P/E ratio of 122.85, a P/E/G ratio of 1.34 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The company has a fifty day moving average price of $71.50 and a two-hundred day moving average price of $70.41. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. TD Cowen upped their target price on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research note on Tuesday, July 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Monday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a research note on Friday, September 13th. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $88.11.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated 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 approximately $91,046,257.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s 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 sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

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.