Orser Capital Management LLC Buys Shares of 12,556 Uber Technologies, Inc. $UBER

Orser Capital Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,556 shares of the ride-sharing company’s stock, valued at approximately $1,230,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Kilter Group LLC purchased a new stake in shares of Uber Technologies during the 2nd quarter valued at about $26,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies in the second quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the second quarter valued at approximately $30,000. Total Investment Management Inc. purchased a new stake in Uber Technologies during the second quarter valued at approximately $32,000. Finally, Truvestments Capital LLC increased its holdings in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UBER. Truist Financial lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Cantor Fitzgerald lifted their target price on Uber Technologies from $107.00 to $108.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Mizuho initiated coverage on Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target for the company. Finally, Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $108.60.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 261,750 shares of company stock valued at $26,207,693. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Down 2.3%

Shares of UBER stock opened at $79.05 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15. The stock has a fifty day simple moving average of $90.67 and a two-hundred day simple moving average of $91.68. The firm has a market capitalization of $164.24 billion, a PE ratio of 10.16 and a beta of 1.19. Uber Technologies, Inc. has a 52-week low of $59.75 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business’s revenue was up 20.4% on a year-over-year basis. 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.

Uber Technologies 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.