Brant Point Investment Management LLC Takes $933,000 Position in Uber Technologies, Inc. $UBER

Brant Point Investment Management LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 10,000 shares of the ride-sharing company’s stock, valued at approximately $933,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Brighton Jones LLC grew its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC boosted its position in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares in the last quarter. Townsquare Capital LLC grew its stake in Uber Technologies by 58.8% in the first quarter. Townsquare Capital LLC now owns 52,420 shares of the ride-sharing company’s stock worth $3,819,000 after purchasing an additional 19,419 shares during the period. Finally, Koss Olinger Consulting LLC bought a new position in Uber Technologies in the first quarter worth $201,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 567,625 shares of company stock worth $55,385,660. Insiders own 3.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on UBER shares. DA Davidson raised their price objective on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Truist Financial lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Guggenheim dropped their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Finally, BTIG Research reiterated a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.74.

Uber Technologies Stock Up 0.3%

Shares of Uber Technologies stock opened at $91.25 on Monday. The company has a 50-day simple moving average of $92.80 and a two-hundred day simple moving average of $91.84. The stock has a market capitalization of $189.60 billion, a PE ratio of 11.73 and a beta of 1.19. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the prior year, the company posted $1.20 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.