Tower Bridge Advisors Buys Shares of 4,500 Uber Technologies, Inc. (NYSE:UBER)

Tower Bridge Advisors acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,500 shares of the ride-sharing company’s stock, valued at approximately $338,000.

Other institutional investors have also made changes to their positions in the company. GHP Investment Advisors Inc. increased its position in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares in the last quarter. WR Wealth Planners LLC lifted its stake in Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 344 shares during the last quarter. MCF Advisors LLC lifted its stake in Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares during the last quarter. Founders Capital Management acquired a new stake in Uber Technologies in the second quarter valued at approximately $33,000. Finally, Financial Management Professionals Inc. lifted its stake in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Shares of UBER stock opened at $73.25 on Monday. The business’s 50 day simple moving average is $75.48 and its 200 day simple moving average is $71.08. Uber Technologies, Inc. has a one year low of $53.15 and a one year high of $87.00. The stock has a market capitalization of $154.24 billion, a PE ratio of 36.44, a PEG ratio of 0.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.10 EPS. As a group, research analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UBER shares. Evercore ISI lifted their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Bank of America lifted their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a research note on Wednesday, October 23rd. Needham & Company LLC restated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Thursday, October 31st. Loop Capital boosted their price objective on shares of Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Finally, Melius Research began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was 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 of the company’s stock, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 3.84% of the stock is owned by insiders.

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.