Turtle Creek Wealth Advisors LLC Makes New $215,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Turtle Creek Wealth Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,857 shares of the ride-sharing company’s stock, valued at approximately $215,000.

Other hedge funds have also recently made changes to their positions in the company. Kingsview Wealth Management LLC grew its holdings in shares of Uber Technologies by 5.6% in the first quarter. Kingsview Wealth Management LLC now owns 12,784 shares of the ride-sharing company’s stock valued at $984,000 after purchasing an additional 680 shares in the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of Uber Technologies by 19.0% in the 1st quarter. Orion Portfolio Solutions LLC now owns 25,216 shares of the ride-sharing company’s stock worth $1,941,000 after buying an additional 4,024 shares in the last quarter. Acadian Asset Management LLC grew its stake in shares of Uber Technologies by 39.5% in the 1st quarter. Acadian Asset Management LLC now owns 84,298 shares of the ride-sharing company’s stock worth $6,484,000 after buying an additional 23,851 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Uber Technologies in the 1st quarter worth about $62,000. Finally, Beaumont Financial Advisors LLC bought a new position in shares of Uber Technologies in the 1st quarter valued at about $231,000. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of several analyst reports. TD Cowen boosted their price objective on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Jefferies Financial Group boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Needham & Company LLC restated a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research report on Thursday, October 31st. The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, DA Davidson increased their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Stock Performance

Shares of UBER stock opened at $73.25 on Friday. The firm has a market cap of $154.24 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $53.15 and a 52-week high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The company’s 50 day moving average is $75.48 and its 200 day moving average is $71.05.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.10 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling at Uber Technologies

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 transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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.