Bar Harbor Wealth Management Takes $925,000 Position in Uber Technologies, Inc. $UBER

Bar Harbor Wealth Management bought a new position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,441 shares of the ride-sharing company’s stock, valued at approximately $925,000.

Other large investors have also recently bought and sold shares of the company. Pershing Square Capital Management L.P. bought a new position in shares of Uber Technologies during the 1st quarter worth about $2,207,743,000. Norges Bank bought a new stake in shares of Uber Technologies in the second quarter valued at about $2,348,319,000. Kingstone Capital Partners Texas LLC grew its position in Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Vanguard Group Inc. grew its position in Uber Technologies by 1.6% during the second quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock worth $17,685,157,000 after buying an additional 3,025,483 shares in the last quarter. Finally, Nordea Investment Management AB increased its stake in Uber Technologies by 105.9% during the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock valued at $506,618,000 after acquiring an additional 2,807,967 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Key Stores Impacting Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Stock Up 0.2%

Shares of NYSE UBER opened at $81.14 on Thursday. Uber Technologies, Inc. has a 52-week low of $60.02 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. The business has a fifty day moving average of $89.27 and a two-hundred day moving average of $91.55. The stock has a market cap of $168.60 billion, a PE ratio of 10.43 and a beta of 1.19.

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

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research reports. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research report on Wednesday, November 5th. BTIG Research restated a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Mizuho initiated coverage on Uber Technologies in a research report on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price for the company. BMO Capital Markets decreased their price target on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 5th. Finally, Benchmark restated a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.43.

Get Our Latest Research Report on UBER

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred 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 owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Thursday, December 18th. The shares were sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the transaction, the insider owned 175,423 shares of the company’s stock, valued at $14,096,992.28. This trade represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 14,875 shares of company stock worth $1,348,818 over the last ninety days. Insiders own 3.84% of the company’s stock.

About Uber Technologies

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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