Jag Capital Management LLC Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Jag Capital Management LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 29.9% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 299,001 shares of the ride-sharing company’s stock after purchasing an additional 68,902 shares during the period. Uber Technologies accounts for 2.7% of Jag Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Jag Capital Management LLC’s holdings in Uber Technologies were worth $22,473,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares in the last quarter. WR Wealth Planners LLC boosted its stake 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 valued at $29,000 after buying an additional 344 shares during the period. J.Safra Asset Management Corp purchased a new position in Uber Technologies during the first quarter worth about $32,000. MCF Advisors LLC increased its stake in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. Finally, Founders Capital Management purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $33,000. Institutional investors own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on UBER shares. Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Monday, October 7th. KeyCorp lowered their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. TD Cowen lifted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Evercore ISI increased their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Melius started coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Six equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Trading Up 0.4 %

NYSE:UBER opened at $72.30 on Monday. The company has a 50-day moving average price of $75.45 and a 200-day moving average price of $70.96. The stock has a market cap of $152.24 billion, a price-to-earnings ratio of 35.84, a P/E/G ratio of 0.72 and a beta of 1.34. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12 month low of $50.72 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same period last year, the business posted $0.10 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.84% of the stock is currently owned by company 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.