Princeton Capital Management LLC Grows Stake in Uber Technologies, Inc. $UBER

Princeton Capital Management LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.2% in the second quarter, Holdings Channel reports. The fund owned 20,576 shares of the ride-sharing company’s stock after acquiring an additional 639 shares during the quarter. Uber Technologies accounts for about 0.6% of Princeton Capital Management LLC’s portfolio, making the stock its 29th largest position. Princeton Capital Management LLC’s holdings in Uber Technologies were worth $1,920,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. West Oak Capital LLC bought a new position in Uber Technologies during the second quarter valued at $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies during the 2nd quarter worth $30,000. Vision Financial Markets LLC purchased a new stake in Uber Technologies in the 1st quarter worth about $27,000. Truvestments Capital LLC boosted its position in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the period. Finally, REAP Financial Group LLC increased its stake in shares of Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER stock opened at $92.33 on Friday. The firm has a 50 day simple moving average of $95.50 and a two-hundred day simple moving average of $90.95. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11. The stock has a market cap of $192.55 billion, a PE ratio of 11.87 and a beta of 1.46. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’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 $1.20 earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Susquehanna restated a “positive” rating and set a $110.00 price target on shares of Uber Technologies in a research note on Wednesday. Cantor Fitzgerald boosted their price objective on Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday. Roth Capital raised their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Finally, BMO Capital Markets lowered their price target on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the company’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

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.