Childress Capital Advisors LLC Grows Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Childress Capital Advisors LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 12.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 4,606 shares of the ride-sharing company’s stock after acquiring an additional 527 shares during the period. Childress Capital Advisors LLC’s holdings in Uber Technologies were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in UBER. GHP Investment Advisors Inc. lifted its stake in shares of Uber Technologies by 222.7% in 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 during the last quarter. WR Wealth Planners LLC increased 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 valued at $29,000 after acquiring an additional 344 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies in the first quarter valued at $32,000. MCF Advisors LLC lifted its holdings in shares of 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 position in shares of Uber Technologies during the 2nd quarter worth about $33,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 2.0 %

UBER stock opened at $79.21 on Wednesday. The stock has a market capitalization of $166.42 billion, a PE ratio of 87.04, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. Uber Technologies, Inc. has a 52 week low of $42.01 and a 52 week high of $87.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a 50 day moving average of $75.28 and a 200 day moving average of $70.81.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The firm had revenue of $10.70 billion for 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 quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated 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 owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 3.80% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on UBER shares. Morgan Stanley raised their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. JMP Securities boosted their price objective on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. The Goldman Sachs Group increased their target price on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. TD Cowen boosted their target price on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Finally, Jefferies Financial Group raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $88.86.

About Uber Technologies

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.