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

Vestor Capital LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 182,645 shares of the ride-sharing company’s stock after acquiring an additional 2,989 shares during the period. Uber Technologies comprises 1.1% of Vestor Capital LLC’s investment portfolio, 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 reporting period.

A number of other large investors also recently modified their holdings of UBER. Intact Investment Management Inc. acquired a new position in shares of Uber Technologies during the 3rd quarter worth about $256,000. HS Management Partners LLC acquired a new position in Uber Technologies in the third quarter valued at approximately $33,717,000. Northeast Investment Management boosted its holdings in Uber Technologies by 25.1% in the third quarter. Northeast Investment Management now owns 30,414 shares of the ride-sharing company’s stock valued at $2,286,000 after purchasing an additional 6,110 shares in the last quarter. Roman Butler Fullerton & Co. purchased a new position in Uber Technologies in the third quarter valued at approximately $233,000. Finally, Citizens National Bank Trust Department raised its holdings in Uber Technologies by 17.3% during the third quarter. Citizens National Bank Trust Department now owns 9,815 shares of the ride-sharing company’s stock worth $738,000 after purchasing an additional 1,450 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

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

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for 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 firm’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 EPS. As a group, analysts predict that Uber Technologies, Inc. will post 1.1 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UBER. Wolfe Research began coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price for the company. Morgan Stanley raised their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Loop Capital boosted their target price on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. The Goldman Sachs Group raised their price target on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Raymond James initiated coverage on Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target on the stock. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price 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.