Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Jupiter Wealth Management LLC

Jupiter Wealth Management LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 75.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,500 shares of the ride-sharing company’s stock after purchasing an additional 1,500 shares during the period. Jupiter Wealth Management LLC’s holdings in Uber Technologies were worth $263,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Ascent Wealth Partners LLC purchased a new position in shares of Uber Technologies in the third quarter valued at $2,087,000. Aptus Capital Advisors LLC boosted its position in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after buying an additional 1,383 shares during the last quarter. Lederer & Associates Investment Counsel CA purchased a new stake in shares of Uber Technologies during the third quarter worth about $799,000. Samlyn Capital LLC acquired a new position in shares of Uber Technologies in the second quarter worth about $134,987,000. Finally, Hedeker Wealth LLC purchased a new position in Uber Technologies in the third quarter valued at about $6,519,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 1.0 %

UBER stock opened at $72.73 on Monday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market capitalization of $153.15 billion, a P/E ratio of 35.84, a P/E/G ratio of 0.72 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $50.72 and a 52-week high of $87.00. The company’s 50 day simple moving average is $75.45 and its 200-day simple moving average is $70.96.

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UBER. UBS Group lifted their price target on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a report on Thursday, October 31st. KeyCorp lowered their price target on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Truist Financial dropped their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Jefferies Financial Group lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

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.