Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Kensington Investment Counsel LLC

Kensington Investment Counsel LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 14.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,329 shares of the ride-sharing company’s stock after acquiring an additional 547 shares during the quarter. Kensington Investment Counsel LLC’s holdings in Uber Technologies were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co grew its holdings in shares of Uber Technologies by 12.3% during the third quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after purchasing an additional 127 shares during the last quarter. Procyon Advisors LLC boosted its position in Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after purchasing an additional 131 shares during the period. DT Investment Partners LLC grew its stake in Uber Technologies by 21.4% during the 3rd quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock worth $62,000 after buying an additional 145 shares during the last quarter. Jmac Enterprises LLC increased its position in Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock worth $552,000 after buying an additional 150 shares during the period. Finally, Wealthspire Advisors LLC lifted its stake in Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after buying an additional 151 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Up 1.3 %

Shares of NYSE UBER opened at $66.09 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $87.00. The company has a market cap of $139.17 billion, a price-to-earnings ratio of 32.88, a P/E/G ratio of 0.90 and a beta of 1.33. The business has a fifty day simple moving average of $74.66 and a 200-day simple moving average of $71.43.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on UBER. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday, October 7th. Royal Bank of Canada upped their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Evercore ISI lifted their price target on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, October 31st. DA Davidson boosted their price objective on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research report on Wednesday, November 6th. Finally, Truist Financial lowered their target price on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.51.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $72.90, for a total transaction of $2,025,162.00. Following the completion of the sale, the insider now directly owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 3.84% of the company’s stock.

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.