ST Germain D J Co. Inc. Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

ST Germain D J Co. Inc. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 290,173 shares of the ride-sharing company’s stock after purchasing an additional 518 shares during the quarter. Uber Technologies makes up approximately 1.0% of ST Germain D J Co. Inc.’s portfolio, making the stock its 27th biggest position. ST Germain D J Co. Inc.’s holdings in Uber Technologies were worth $21,809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its holdings in shares of Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after purchasing an additional 1,383 shares during the period. Samlyn Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $134,987,000. Brookstone Capital Management lifted its stake in Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after acquiring an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC boosted its holdings in Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after acquiring an additional 8,614 shares in the last quarter. Finally, DSM Capital Partners LLC raised its holdings in Uber Technologies by 2.2% in the 2nd quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock worth $163,775,000 after purchasing an additional 47,824 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Uber Technologies stock traded down $0.74 during mid-day trading on Friday, reaching $79.16. 14,186,721 shares of the company’s stock traded hands, compared to its average volume of 18,045,445. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The company has a market cap of $165.41 billion, a price-to-earnings ratio of 127.68, a PEG ratio of 1.47 and a beta of 1.33. The stock has a 50 day moving average of $74.30 and a two-hundred day moving average of $70.72. 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 (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, topping the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business’s revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the business earned $0.18 EPS. Equities analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. DA Davidson reiterated a “buy” rating and issued a $82.00 price objective on shares of Uber Technologies in a report on Thursday. TD Cowen boosted their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Piper Sandler boosted their price target on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Daiwa America lowered Uber Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a research note on Friday, September 13th. Six equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $88.51.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm’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 completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.84% of the company’s stock.

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.