Northeast Investment Management Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Northeast Investment Management grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 25.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,414 shares of the ride-sharing company’s stock after buying an additional 6,110 shares during the period. Northeast Investment Management’s holdings in Uber Technologies were worth $2,286,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted 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 worth $26,000 after buying an additional 245 shares during the last quarter. WR Wealth Planners LLC lifted its holdings in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $32,000. MCF Advisors LLC grew its stake in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Finally, Founders Capital Management acquired a new position in Uber Technologies during the second quarter worth approximately $33,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s 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 in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of research reports. Raymond James started 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 on the stock. Citigroup raised their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday. Jefferies Financial Group raised their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Finally, JMP Securities raised their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a research report on Friday. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $90.22.

Uber Technologies Stock Performance

NYSE:UBER opened at $73.25 on Monday. The firm has a 50 day simple moving average of $75.36 and a 200-day simple moving average of $70.85. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.21. The firm has a market cap of $153.89 billion, a PE ratio of 36.44, a P/E/G ratio of 1.24 and a beta of 1.34. Uber Technologies, Inc. has a 1-year low of $45.25 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during 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 company’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.10 earnings per share. On average, equities analysts expect that Uber Technologies, Inc. will post 1.1 EPS for the current year.

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.