Talbot Financial LLC Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Talbot Financial LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 3.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 104,854 shares of the ride-sharing company’s stock after purchasing an additional 3,843 shares during the period. Talbot Financial LLC’s holdings in Uber Technologies were worth $7,881,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Regal Investment Advisors LLC boosted its holdings in shares of Uber Technologies by 13.6% during the fourth quarter. Regal Investment Advisors LLC now owns 8,037 shares of the ride-sharing company’s stock worth $495,000 after purchasing an additional 965 shares during the last quarter. MGO One Seven LLC boosted its stake in Uber Technologies by 0.6% in the 4th quarter. MGO One Seven LLC now owns 32,918 shares of the ride-sharing company’s stock worth $2,027,000 after buying an additional 203 shares during the last quarter. Ethic Inc. grew its holdings in Uber Technologies by 8.8% in the 4th 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 grew its holdings in Uber Technologies by 69.0% in the 4th 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 increased its stake in shares of Uber Technologies by 2.5% during the 4th quarter. Left Brain Wealth Management LLC now owns 60,234 shares of the ride-sharing company’s stock valued at $3,709,000 after acquiring an additional 1,474 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UBER. Bank of America restated a “buy” rating and issued a $88.00 target price on shares of Uber Technologies in a report on Friday, August 23rd. BMO Capital Markets reiterated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Tuesday, July 30th. Roth Mkm upped their price objective on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, TD Cowen upped their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Four research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $88.11.

Uber Technologies Trading Up 2.1 %

Shares of NYSE UBER opened at $76.17 on Wednesday. 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’s 50 day moving average price is $71.50 and its two-hundred day moving average price is $70.41. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The stock has a market capitalization of $160.03 billion, a P/E ratio of 122.85, a PEG ratio of 1.34 and a beta of 1.33.

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, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the business posted $0.18 EPS. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, analysts anticipate that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. 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 can be accessed through the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were 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 approximately $91,046,257.74. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $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.

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.