Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Vestor Capital LLC

Vestor Capital LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 182,645 shares of the ride-sharing company’s stock after buying an additional 2,989 shares during the quarter. Uber Technologies makes up 1.1% of Vestor Capital LLC’s holdings, making the stock its 23rd biggest holding. Vestor Capital LLC’s holdings in Uber Technologies were worth $13,728,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Nordea Investment Management AB increased its stake in 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 worth $10,494,000 after acquiring an additional 8,048 shares during the last quarter. Salomon & Ludwin LLC increased its position in Uber Technologies by 173.9% during the 1st 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 in the last quarter. Proficio Capital Partners LLC raised its holdings in Uber Technologies by 0.7% in the first quarter. Proficio Capital Partners LLC now owns 69,674 shares of the ride-sharing company’s stock valued at $5,364,000 after buying an additional 460 shares during the period. BI Asset Management Fondsmaeglerselskab A S lifted its position in Uber Technologies by 21.5% during the first 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 in the last quarter. Finally, Wellington Shields Capital Management LLC lifted its position in Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock valued at $212,000 after buying an additional 159 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.3 %

NYSE:UBER opened at $73.01 on Monday. The firm has a market capitalization of $153.39 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 1.24 and a beta of 1.34. Uber Technologies, Inc. has a 52 week low of $46.68 and a 52 week high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70. The stock has a 50 day moving average of $75.36 and a 200-day moving average of $70.85.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm 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 revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. Analysts predict that Uber Technologies, Inc. will post 1.1 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on UBER. Citigroup raised their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Truist Financial lowered their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a report on Friday. Wells Fargo & Company reduced their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday. Morgan Stanley increased their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $90.22.

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.