Silicon Valley Capital Partners Buys 3,153 Shares of Uber Technologies, Inc. (NYSE:UBER)

Silicon Valley Capital Partners raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 32,072 shares of the ride-sharing company’s stock after purchasing an additional 3,153 shares during the period. Silicon Valley Capital Partners’ holdings in Uber Technologies were worth $2,411,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Nordea Investment Management AB grew its holdings in shares of Uber Technologies by 6.3% during the first quarter. Nordea Investment Management AB now owns 135,017 shares of the ride-sharing company’s stock valued at $10,494,000 after buying an additional 8,048 shares during the last quarter. Salomon & Ludwin LLC boosted its holdings in Uber Technologies by 173.9% in the first quarter. Salomon & Ludwin LLC now owns 1,435 shares of the ride-sharing company’s stock worth $110,000 after purchasing an additional 911 shares during the last quarter. Proficio Capital Partners LLC grew its position in Uber Technologies by 0.7% in the 1st quarter. Proficio Capital Partners LLC now owns 69,674 shares of the ride-sharing company’s stock worth $5,364,000 after purchasing an additional 460 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Uber Technologies by 21.5% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 46,741 shares of the ride-sharing company’s stock valued at $3,599,000 after buying an additional 8,276 shares during the period. Finally, Wellington Shields Capital Management LLC grew its holdings in shares of Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after acquiring an additional 159 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.3 %

Shares of NYSE UBER opened at $73.01 on Monday. The firm has a market cap of $153.39 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. The company has a quick ratio of 1.21, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 52-week low of $46.68 and a 52-week high of $87.00. The business’s 50 day moving average is $75.36 and its two-hundred day moving average is $70.85.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 earnings per share. Research analysts predict that Uber Technologies, Inc. will post 1.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. JMP Securities upped their price target on shares of Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research report on Friday. Gordon Haskett raised Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price target for the company in a report on Thursday. Jefferies Financial Group raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Finally, DA Davidson reaffirmed a “buy” rating and set a $82.00 price target on shares of Uber Technologies in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $90.22.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction 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 sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Company 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.