Carnegie Investment Counsel Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Carnegie Investment Counsel acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 9,878 shares of the ride-sharing company’s stock, valued at approximately $742,000.

Other hedge funds also recently made changes to their positions in the company. Integrated Advisors Network LLC increased its stake in shares of Uber Technologies by 18.6% in the fourth quarter. Integrated Advisors Network LLC now owns 10,375 shares of the ride-sharing company’s stock worth $639,000 after buying an additional 1,629 shares during the last quarter. EP Wealth Advisors LLC increased its stake in shares of Uber Technologies by 16.6% in the fourth quarter. EP Wealth Advisors LLC now owns 20,354 shares of the ride-sharing company’s stock worth $1,253,000 after buying an additional 2,904 shares during the last quarter. ICA Group Wealth Management LLC bought a new stake in shares of Uber Technologies in the fourth quarter worth $84,000. PNC Financial Services Group Inc. increased its stake in shares of Uber Technologies by 130.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 145,061 shares of the ride-sharing company’s stock worth $8,931,000 after buying an additional 82,002 shares during the last quarter. Finally, Moseley Investment Management Inc. bought a new stake in shares of Uber Technologies in the first quarter worth $204,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $84.96 on Tuesday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The firm has a market cap of $177.53 billion, a price-to-earnings ratio of 137.03, a price-to-earnings-growth ratio of 1.35 and a beta of 1.33. The company has a 50-day moving average of $73.18 and a 200-day moving average of $70.51.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UBER. Evercore ISI lifted their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company reissued an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a report on Friday, September 13th. Roth Mkm increased their target price on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Piper Sandler increased their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Finally, JMP Securities increased their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.11.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’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 sale, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.84% of the company’s stock.

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.