Jackson Wealth Management LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the third quarter, HoldingsChannel.com reports. The firm purchased 4,072 shares of the ride-sharing company’s stock, valued at approximately $306,000.
Other hedge funds have also made changes to their positions in the company. GHP Investment Advisors Inc. grew its position in shares of Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the last quarter. Financial Management Professionals Inc. grew its position in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the last quarter. WR Wealth Planners LLC grew its position in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares during the last quarter. J.Safra Asset Management Corp bought a new stake in shares of Uber Technologies during the 1st quarter valued at about $32,000. Finally, MCF Advisors LLC grew its position in shares of Uber Technologies by 1,038.5% during the 2nd 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. Hedge funds and other institutional investors own 80.24% of the company’s stock.
Uber Technologies Trading Down 2.2 %
Uber Technologies stock traded down $1.74 during midday trading on Thursday, hitting $78.09. 6,732,056 shares of the stock were exchanged, compared to its average volume of 17,874,236. The company has a fifty day simple moving average of $74.87 and a two-hundred day simple moving average of $70.76. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. The stock has a market capitalization of $164.06 billion, a PE ratio of 87.73, a P/E/G ratio of 1.40 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.
Insider Buying and Selling at Uber Technologies
In other news, insider Jill Hazelbaker sold 40,000 shares of the business’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 sale, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.84% of the company’s stock.
Analyst Upgrades and Downgrades
UBER has been the subject of several recent analyst reports. JMP Securities upped their target price on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Evercore ISI increased their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Monday, October 7th. Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a report on Friday, September 13th. Finally, Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a report on Thursday, October 17th. Six analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $88.86.
Get Our Latest Research Report on Uber Technologies
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.
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