14,937 Shares in Uber Technologies, Inc. (NYSE:UBER) Bought by Barden Capital Management Inc.

Barden Capital Management Inc. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 14,937 shares of the ride-sharing company’s stock, valued at approximately $1,123,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. GHP Investment Advisors Inc. increased its stake in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the period. Financial Management Professionals Inc. boosted its holdings in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the period. WR Wealth Planners LLC grew its position in Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $32,000. Finally, MCF Advisors LLC increased its position in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective on shares of Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, August 7th. Citigroup raised their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Melius Research started coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Finally, Evercore ISI increased their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $88.51.

Uber Technologies Trading Down 0.9 %

NYSE:UBER opened at $79.16 on Monday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The company has a market cap of $166.31 billion, a P/E ratio of 86.99, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. The business has a 50 day moving average price of $74.30 and a two-hundred day moving average price of $70.63.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the business earned $0.18 earnings per share. Uber Technologies’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 1.08 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Profile

Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia excluding China and Southeast Asia. It operates through three segments: Mobility, Delivery, and Freight. The Mobility segment connects consumers with a range of transportation modalities, such as ridesharing, carsharing, micromobility, rentals, public transit, taxis, and other modalities; and offers riders in a variety of vehicle types, as well as financial partnerships products and advertising services.