Emerald Mutual Fund Advisers Trust Acquires 860 Shares of Uber Technologies, Inc. (NYSE:UBER)

Emerald Mutual Fund Advisers Trust boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 35.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,312 shares of the ride-sharing company’s stock after acquiring an additional 860 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in Uber Technologies were worth $249,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. Private Wealth Partners LLC bought a new position in shares of Uber Technologies during the 3rd quarter worth $258,000. Optas LLC bought a new position in Uber Technologies during the third quarter worth about $355,000. BluePath Capital Management LLC increased its stake in shares of Uber Technologies by 18.6% in the third quarter. BluePath Capital Management LLC now owns 12,495 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 1,959 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of Uber Technologies by 11.5% in the third quarter. Farther Finance Advisors LLC now owns 16,693 shares of the ride-sharing company’s stock valued at $1,255,000 after purchasing an additional 1,724 shares during the period. Finally, Capital Advisors Inc. OK lifted its stake in shares of Uber Technologies by 4.6% during the 3rd quarter. Capital Advisors Inc. OK now owns 504,397 shares of the ride-sharing company’s stock valued at $37,911,000 after buying an additional 22,021 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Up 1.7 %

Shares of UBER opened at $73.25 on Monday. Uber Technologies, Inc. has a 1-year low of $45.25 and a 1-year high of $87.00. The firm has a market capitalization of $153.89 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. The firm’s 50-day moving average price is $75.36 and its 200-day moving average price is $70.85. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (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 was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.1 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent research reports. Roth Mkm lifted their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Wolfe Research started coverage on Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective on the stock. Oppenheimer lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a report on Friday, September 27th. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Thursday. Six equities 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 company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.22.

Uber Technologies Company 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.