Weaver Consulting Group Invests $203,000 in Uber Technologies, Inc. (NYSE:UBER)

Weaver Consulting Group bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,699 shares of the ride-sharing company’s stock, valued at approximately $203,000.

Several other hedge funds have also recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 222.7% in 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 during the last quarter. WR Wealth Planners LLC grew its stake in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. MCF Advisors LLC increased its holdings in 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 last quarter. Fairfield Financial Advisors LTD acquired a new stake in Uber Technologies in the second quarter valued at $36,000. Finally, NewSquare Capital LLC lifted its holdings in Uber Technologies by 1,509.4% during the 2nd quarter. NewSquare Capital LLC now owns 515 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 483 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 27,780 shares of Uber Technologies stock in a transaction dated Monday, November 25th. The shares were 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 in the company, 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 legal filing with the SEC, which is accessible through this link. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

UBER stock opened at $65.25 on Friday. The company has a market cap of $137.39 billion, a price-to-earnings ratio of 32.46, a PEG ratio of 0.89 and a beta of 1.33. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The firm has a 50 day moving average of $74.86 and a 200-day moving average of $71.37. Uber Technologies, Inc. has a 12-month low of $54.84 and a 12-month high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the business earned $0.10 earnings per share. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on UBER. Daiwa Capital Markets downgraded Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Thursday, October 17th. Loop Capital upped their target price on shares of Uber Technologies from $84.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, November 6th. DA Davidson lifted their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Oppenheimer upped their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research note on Friday, September 27th. Finally, Royal Bank of Canada raised their price objective on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. 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 stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $90.51.

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.