Symphony Financial Ltd. Co. Takes $700,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Symphony Financial Ltd. Co. bought a new stake in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 9,393 shares of the ride-sharing company’s stock, valued at approximately $700,000.

Other hedge funds also recently modified their holdings of the company. Procyon Advisors LLC boosted its stake in Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after acquiring an additional 131 shares during the last quarter. Wealthspire Advisors LLC boosted its stake in Uber Technologies by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after acquiring an additional 151 shares during the last quarter. Sivia Capital Partners LLC boosted its stake in Uber Technologies by 3.3% during the 1st quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after acquiring an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC boosted its stake in Uber Technologies by 6.1% during the 1st quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after acquiring an additional 159 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. boosted its stake in Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBER shares. 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. Truist Financial lifted their price target on shares of Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Citigroup lifted their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a research note on Wednesday, August 7th. Finally, Loop Capital lifted their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Six investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $88.65.

Uber Technologies Trading Down 0.1 %

UBER stock opened at $80.40 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The company’s 50-day simple moving average is $74.71 and its 200 day simple moving average is $70.69. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a market capitalization of $168.00 billion, a PE ratio of 129.68, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the prior year, the company posted $0.18 earnings per share. Uber Technologies’s revenue was up 15.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 1.08 earnings per share for the current year.

Insider Activity at Uber Technologies

In related 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 transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 3.84% of the stock is currently owned by corporate insiders.

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.