Insight Holdings Group LLC Invests $4.48 Million in Uber Technologies, Inc. (NYSE:UBER)

Insight Holdings Group LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 59,600 shares of the ride-sharing company’s stock, valued at approximately $4,480,000. Uber Technologies accounts for about 0.2% of Insight Holdings Group LLC’s portfolio, making the stock its 19th biggest holding.

Several other hedge funds also recently bought and sold shares of UBER. GHP Investment Advisors Inc. increased its holdings in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares in the last quarter. WR Wealth Planners LLC grew its position in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. MCF Advisors LLC boosted its stake in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 405 shares during the period. Founders Capital Management acquired a new position in shares of Uber Technologies during the second quarter worth $33,000. Finally, Fairfield Financial Advisors LTD bought a new position in Uber Technologies during the 2nd quarter worth $36,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently commented on UBER shares. Raymond James began coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a research note on Friday, October 11th. Loop Capital boosted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research report on Thursday, October 31st. Six equities research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.51.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 27,780 shares of the business’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 transaction, the insider now owns 107,289 shares of the company’s stock, valued at approximately $7,821,368.10. The trade was a 20.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.80% of the company’s stock.

Uber Technologies Stock Down 0.3 %

Uber Technologies stock traded down $0.23 during trading hours on Tuesday, hitting $72.84. The company had a trading volume of 770,795 shares, compared to its average volume of 18,127,701. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm’s fifty day moving average is $75.31 and its 200-day moving average is $71.37. The firm has a market capitalization of $153.38 billion, a P/E ratio of 36.36, a price-to-earnings-growth ratio of 0.90 and a beta of 1.33. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. The business 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%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.10 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 1.89 earnings per share for the current year.

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.