Bensler LLC Has $12.11 Million Position in Uber Technologies, Inc. $UBER

Bensler LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 123,642 shares of the ride-sharing company’s stock after acquiring an additional 7,206 shares during the period. Uber Technologies comprises approximately 1.3% of Bensler LLC’s investment portfolio, making the stock its 29th largest holding. Bensler LLC’s holdings in Uber Technologies were worth $12,113,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in UBER. Kilter Group LLC acquired a new stake in Uber Technologies in the 2nd quarter valued at about $26,000. Westend Capital Management LLC bought a new stake in Uber Technologies in the 3rd quarter valued at $27,000. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies in the second quarter valued at about $30,000. Total Investment Management Inc. acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $32,000. Finally, Pilgrim Partners Asia Pte Ltd acquired a new stake in Uber Technologies during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Tuesday, January 20th. The stock was sold at an average price of $83.50, for a total transaction of $260,937.50. Following the completion of the sale, the insider directly owned 176,584 shares in the company, valued at approximately $14,744,764. This represents a 1.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,875 shares of company stock valued at $1,319,130 in the last ninety days. Insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

Uber Technologies stock opened at $81.96 on Tuesday. The business has a 50 day moving average of $84.45 and a 200-day moving average of $90.56. Uber Technologies, Inc. has a 1 year low of $60.63 and a 1 year high of $101.99. 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 company has a market capitalization of $170.30 billion, a P/E ratio of 10.53 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 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same period last year, the company earned $1.20 EPS. The firm’s revenue was up 20.4% compared to the same quarter last year. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on UBER. UBS Group set a $122.00 target price on Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, November 5th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Tuesday, October 28th. Mizuho assumed coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price on the stock. DA Davidson boosted 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. Finally, TD Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Four equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.97.

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.