Vance Wealth Inc. Boosts Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Vance Wealth Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 16.6% during the 3rd quarter, Holdings Channel reports. The firm owned 8,113 shares of the ride-sharing company’s stock after acquiring an additional 1,156 shares during the period. Vance Wealth Inc.’s holdings in Uber Technologies were worth $610,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Ascent Wealth Partners LLC bought a new stake in shares of Uber Technologies in the third quarter valued at $2,087,000. Aviso Wealth Management bought a new stake in shares of Uber Technologies in the third quarter valued at $2,302,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Uber Technologies by 9.8% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after buying an additional 512,591 shares during the period. Aptus Capital Advisors LLC raised its stake in shares of Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares during the period. Finally, Lederer & Associates Investment Counsel CA bought a new stake in shares of Uber Technologies in the third quarter valued at $799,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on UBER. TD Cowen boosted their price objective on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 23rd. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research note on Friday, November 1st. Melius Research initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price on the stock. Loop Capital upped their target price on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Raymond James initiated coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Price Performance

NYSE UBER opened at $69.34 on Tuesday. The company has a market capitalization of $146.01 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The business’s fifty day moving average is $75.48 and its 200 day moving average is $71.10. Uber Technologies, Inc. has a fifty-two week low of $53.76 and a fifty-two week high of $87.00.

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

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.80% of the stock is owned by company 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.