Strategic Wealth Advisors Group LLC acquired a new position in shares of Uber Technologies Inc (NYSE:UBER) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,881 shares of the ride-sharing company’s stock, valued at approximately $347,000.
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Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC bought a new stake in shares of Uber Technologies in the third quarter valued at about $25,000. Legacy Advisors LLC bought a new stake in shares of Uber Technologies in the second quarter valued at about $26,000. Avestar Capital LLC bought a new stake in shares of Uber Technologies in the second quarter valued at about $27,000. Sound Income Strategies LLC bought a new stake in shares of Uber Technologies in the second quarter valued at about $28,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of Uber Technologies in the third quarter valued at about $30,000. 45.32% of the stock is owned by institutional investors.
Several equities analysts have issued reports on UBER shares. HSBC upgraded Uber Technologies from a “hold” rating to a “buy” rating and cut their target price for the company from $49.00 to $44.00 in a research note on Monday, September 16th. MKM Partners boosted their price target on Uber Technologies to $34.00 in a research note on Tuesday, November 5th. Wedbush dropped their price target on Uber Technologies from $58.00 to $45.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. Cowen set a $60.00 price target on Uber Technologies and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, JMP Securities restated an “outperform” rating on shares of Uber Technologies in a research note on Tuesday, August 13th. Eleven analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $50.26.
UBER traded up $0.80 during mid-day trading on Friday, hitting $26.79. 40,835,270 shares of the stock were exchanged, compared to its average volume of 29,077,308. The firm’s fifty day moving average price is $30.32. Uber Technologies Inc has a 1-year low of $25.58 and a 1-year high of $47.08. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 0.46.
Uber Technologies (NYSE:UBER) last posted its earnings results on Monday, November 4th. The ride-sharing company reported ($0.68) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.83) by $0.15. The firm had revenue of $3.81 billion for the quarter, compared to analyst estimates of $3.68 billion. Uber Technologies had a negative return on equity of 209.48% and a negative net margin of 63.57%. The business’s revenue was up 29.5% on a year-over-year basis. On average, research analysts forecast that Uber Technologies Inc will post -6.84 earnings per share for the current year.
In other news, Director Travis Cordell Kalanick sold 20,264,846 shares of the firm’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $27.01, for a total transaction of $547,353,490.46. Following the sale, the director now owns 46,154 shares of the company’s stock, valued at approximately $1,246,619.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Manik Gupta sold 15,188 shares of the firm’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $27.01, for a total value of $410,227.88. Insiders sold a total of 21,944,057 shares of company stock worth $592,122,803 in the last ninety days.
Uber Technologies Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.