Wilson & Boucher Capital Management LLC Acquires New Shares in Uber Technologies, Inc. (NYSE:UBER)

Wilson & Boucher Capital Management LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 3,150 shares of the ride-sharing company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Coldstream Capital Management Inc. lifted its stake in shares of Uber Technologies by 50.3% in the 3rd quarter. Coldstream Capital Management Inc. now owns 24,397 shares of the ride-sharing company’s stock valued at $1,805,000 after purchasing an additional 8,168 shares during the last quarter. RB Capital Management LLC lifted its stake in shares of Uber Technologies by 7.0% in the 3rd quarter. RB Capital Management LLC now owns 8,651 shares of the ride-sharing company’s stock valued at $650,000 after purchasing an additional 564 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Uber Technologies by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 42,500,359 shares of the ride-sharing company’s stock valued at $3,184,013,000 after purchasing an additional 893,652 shares during the last quarter. Brophy Wealth Management LLC acquired a new stake in shares of Uber Technologies in the 3rd quarter valued at $1,041,000. Finally, Conway Capital Management Inc. acquired a new position in Uber Technologies during the 3rd quarter worth $348,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In other news, insider Jill Hazelbaker sold 27,780 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 107,289 shares of the company’s stock, valued at $7,821,368.10. This represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.84% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $64.98 on Wednesday. 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 stock has a market capitalization of $136.83 billion, a price-to-earnings ratio of 32.33, a P/E/G ratio of 0.82 and a beta of 1.33. Uber Technologies, Inc. has a 1-year low of $54.84 and a 1-year high of $87.00. The firm’s 50-day moving average price is $74.29 and its two-hundred day moving average price is $71.49.

Uber Technologies (NYSE:UBER) last issued 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. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the prior year, the firm earned $0.10 earnings per share. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research report on Thursday, October 31st. KeyCorp cut their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. JMP Securities reissued a “market outperform” rating and set a $95.00 target price on shares of Uber Technologies in a research report on Wednesday, December 4th. Raymond James assumed coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 target price for the company. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price for the company. in a research report on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $90.51.

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.