Farther Finance Advisors LLC Grows Holdings in Uber Technologies, Inc. $UBER

Farther Finance Advisors LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 22.1% in the 3rd quarter, Holdings Channel reports. The firm owned 51,014 shares of the ride-sharing company’s stock after purchasing an additional 9,222 shares during the quarter. Farther Finance Advisors LLC’s holdings in Uber Technologies were worth $4,998,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in UBER. Vanguard Group Inc. boosted its position in Uber Technologies by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after buying an additional 3,025,483 shares during the period. Geode Capital Management LLC raised its stake in shares of Uber Technologies by 2.6% during the second quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after acquiring an additional 1,168,288 shares in the last quarter. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies in the first quarter valued at approximately $2,207,743,000. Norges Bank bought a new position in Uber Technologies in the second quarter worth approximately $2,348,319,000. Finally, Kingstone Capital Partners Texas LLC increased its holdings in Uber Technologies by 334,075.7% during the 2nd 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 purchasing an additional 19,967,705 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Trending Headlines about Uber Technologies

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

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction 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 approximately $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 14,875 shares of company stock valued at $1,348,818 in the last quarter. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $81.14 on Thursday. The company has a 50 day moving average price of $89.27 and a 200 day moving average price of $91.55. The firm has a market capitalization of $168.60 billion, a P/E ratio of 10.43 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52 week low of $60.02 and a 52 week high of $101.99.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UBER. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Citigroup reaffirmed a “market perform” rating on shares of Uber Technologies in a research note on Wednesday, December 10th. Wedbush dropped their target price on shares of Uber Technologies from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Friday, December 19th. The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Uber Technologies in a research report on Thursday, December 18th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $108.43.

Check Out Our Latest Research Report on UBER

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.

Read More

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERFree Report).

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

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.