Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 34.4% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 120,948 shares of the ride-sharing company’s stock after purchasing an additional 30,927 shares during the quarter. Foster Victor Wealth Advisors LLC’s holdings in Uber Technologies were worth $9,418,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of UBER. Integrated Advisors Network LLC raised its stake in Uber Technologies by 18.6% during the fourth quarter. Integrated Advisors Network LLC now owns 10,375 shares of the ride-sharing company’s stock valued at $639,000 after buying an additional 1,629 shares in the last quarter. ICA Group Wealth Management LLC acquired a new stake in Uber Technologies during the fourth quarter valued at approximately $84,000. Moseley Investment Management Inc. acquired a new stake in Uber Technologies during the first quarter valued at approximately $204,000. GAMMA Investing LLC raised its stake in Uber Technologies by 96.9% during the first quarter. GAMMA Investing LLC now owns 6,748 shares of the ride-sharing company’s stock valued at $520,000 after buying an additional 3,321 shares in the last quarter. Finally, Beese Fulmer Investment Management Inc. bought a new position in shares of Uber Technologies during the first quarter valued at approximately $204,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

UBER opened at $83.24 on Wednesday. The stock has a fifty day moving average of $73.54 and a 200-day moving average of $70.55. The firm has a market capitalization of $173.93 billion, a P/E ratio of 134.26, a PEG ratio of 1.35 and a beta of 1.33. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.18 earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on UBER shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 target price on shares of Uber Technologies in a report on Wednesday, August 7th. JMP Securities upped their target price on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Melius started coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Roth Mkm upped their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Morgan Stanley upped their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $88.11.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction 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 transaction, the insider now directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.84% of the company’s stock.

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.