Darwin Wealth Management LLC Acquires 8,025 Shares of Uber Technologies, Inc. (NYSE:UBER)

Darwin Wealth Management LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 42.6% in the third quarter, HoldingsChannel reports. The firm owned 26,857 shares of the ride-sharing company’s stock after buying an additional 8,025 shares during the quarter. Darwin Wealth Management LLC’s holdings in Uber Technologies were worth $2,019,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. GHP Investment Advisors Inc. grew its position in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares in the last quarter. WR Wealth Planners LLC grew its position in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. MCF Advisors LLC boosted 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 purchased a new position in Uber Technologies in the second quarter valued at about $33,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Uber Technologies in the second quarter valued at about $36,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $69.43 on Wednesday. The company’s fifty day moving average price is $75.47 and its 200-day moving average price is $71.11. The firm has a market capitalization of $146.20 billion, a price-to-earnings ratio of 34.39, a PEG ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a one year low of $53.89 and a one year high of $87.00. 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 issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 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 analyst estimates of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 EPS. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

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 shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.80% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on UBER. KeyCorp dropped their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. JMP Securities boosted their target price on shares of Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Gordon Haskett upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. Evercore ISI boosted 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. Finally, Morgan Stanley boosted their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research note on Tuesday, July 23rd. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $90.32.

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.