Gradient Investments LLC Acquires 10,935 Shares of Uber Technologies, Inc. $UBER

Gradient Investments LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.8% during the 3rd quarter, Holdings Channel reports. The fund owned 200,356 shares of the ride-sharing company’s stock after purchasing an additional 10,935 shares during the period. Gradient Investments LLC’s holdings in Uber Technologies were worth $19,629,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kilter Group LLC purchased a new position in Uber Technologies in the second quarter valued at about $26,000. West Oak Capital LLC purchased a new stake in shares of Uber Technologies during the second quarter valued at about $28,000. Truvestments Capital LLC boosted its holdings in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $30,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Uber Technologies in the 1st quarter worth approximately $31,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UBER shares. DA Davidson increased their target price on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research report on Wednesday, November 5th. Barclays reduced their target price on Uber Technologies from $110.00 to $107.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $92.10, for a total transaction of $287,812.50. Following the completion of the transaction, the insider directly owned 174,135 shares of the company’s stock, valued at approximately $16,037,833.50. This trade represents a 1.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 264,875 shares of company stock valued at $26,501,255 over the last quarter. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of UBER stock opened at $80.89 on Wednesday. The firm has a market capitalization of $168.07 billion, a price-to-earnings ratio of 10.40 and a beta of 1.19. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The business has a fifty day moving average of $91.07 and a 200 day moving average of $91.76. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99.

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

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.