Global Wealth Management Investment Advisory Inc. Increases Stake in Uber Technologies, Inc. $UBER

Global Wealth Management Investment Advisory Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 14.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,764 shares of the ride-sharing company’s stock after purchasing an additional 6,147 shares during the quarter. Global Wealth Management Investment Advisory Inc.’s holdings in Uber Technologies were worth $4,679,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $2,348,319,000. Kingstone Capital Partners Texas LLC lifted its position in Uber Technologies by 334,075.7% in the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of Uber Technologies by 1,905.3% during the third quarter. Pacer Advisors Inc. now owns 4,350,479 shares of the ride-sharing company’s stock valued at $426,216,000 after purchasing an additional 4,133,532 shares during the period. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 1.6% in 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 purchasing an additional 3,025,483 shares during the last quarter. Finally, Nordea Investment Management AB increased its stake in shares of Uber Technologies by 105.9% in the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after buying an additional 2,807,967 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’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 sale, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the completion of the sale, the insider directly owned 175,423 shares in the company, valued at $14,096,992.28. This represents a 1.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 14,875 shares of company stock worth $1,348,818. 3.70% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $85.37 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a one year low of $60.63 and a one year high of $101.99. The company has a 50-day simple moving average of $86.06 and a two-hundred day simple moving average of $91.25. The firm has a market capitalization of $177.37 billion, a PE ratio of 10.97 and a beta of 1.20.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Jefferies Financial Group reissued a “buy” rating on shares of Uber Technologies in a research report on Wednesday, January 7th. Stifel Nicolaus set a $122.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Arete Research set a $125.00 target price on Uber Technologies and gave the stock a “buy” rating in a research note on Wednesday, December 3rd. Melius lowered Uber Technologies from a “hold” rating to a “sell” rating and set a $73.00 price target for the company. in a research report on Monday, January 5th. Finally, Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.14.

Uber Technologies Company Profile

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.