Uber Technologies, Inc. $UBER Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 20.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 514,301 shares of the ride-sharing company’s stock after purchasing an additional 85,550 shares during the quarter. Uber Technologies makes up approximately 0.9% of Carnegie Investment Counsel’s portfolio, making the stock its 22nd biggest holding. Carnegie Investment Counsel’s holdings in Uber Technologies were worth $50,386,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Griffin Asset Management Inc. raised its holdings in Uber Technologies by 2.1% in the third quarter. Griffin Asset Management Inc. now owns 53,911 shares of the ride-sharing company’s stock valued at $5,282,000 after acquiring an additional 1,094 shares in the last quarter. LeConte Wealth Management LLC bought a new stake in shares of Uber Technologies in the 3rd quarter worth about $261,000. Darwin Wealth Management LLC raised its stake in shares of Uber Technologies by 1.1% in the 3rd quarter. Darwin Wealth Management LLC now owns 16,085 shares of the ride-sharing company’s stock valued at $1,576,000 after purchasing an additional 178 shares in the last quarter. HBW Advisory Services LLC lifted its position in shares of Uber Technologies by 4.5% during the third quarter. HBW Advisory Services LLC now owns 29,628 shares of the ride-sharing company’s stock worth $2,903,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Baker Chad R acquired a new position in Uber Technologies in the third quarter worth about $1,938,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on UBER. Royal Bank Of Canada set a $110.00 price objective on Uber Technologies in a research note on Wednesday, November 5th. Guggenheim dropped their price target on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, November 5th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday. Finally, Susquehanna restated a “positive” rating and issued a $110.00 price target on shares of Uber Technologies in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $108.43.

Uber Technologies Stock Performance

UBER stock opened at $81.23 on Friday. Uber Technologies, Inc. has a 1 year low of $60.02 and a 1 year high of $101.99. The stock has a market capitalization of $168.78 billion, a price-to-earnings ratio of 10.44 and a beta of 1.19. 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 stock’s fifty day moving average is $88.82 and its two-hundred day moving average is $91.44.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion during 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 company’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.20 earnings per share. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the sale, the insider owned 175,423 shares of the company’s stock, valued at approximately $14,096,992.28. The trade was a 1.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred 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 transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,875 shares of company stock worth $1,348,818 in the last 90 days. 3.84% of the stock is owned by company insiders.

About Uber Technologies

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.