Intelligence Driven Advisers LLC Purchases 1,023 Shares of Uber Technologies, Inc. (NYSE:UBER)

Intelligence Driven Advisers LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 19.2% during the 3rd quarter, Holdings Channel.com reports. The fund owned 6,352 shares of the ride-sharing company’s stock after purchasing an additional 1,023 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Uber Technologies were worth $477,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UBER. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Uber Technologies by 3.9% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 53,132 shares of the ride-sharing company’s stock worth $3,993,000 after purchasing an additional 1,976 shares during the last quarter. Metis Global Partners LLC grew its holdings in Uber Technologies by 3.3% during the third quarter. Metis Global Partners LLC now owns 86,290 shares of the ride-sharing company’s stock worth $6,486,000 after buying an additional 2,754 shares in the last quarter. Planning Capital Management Corp raised its position in Uber Technologies by 95.9% in the 3rd quarter. Planning Capital Management Corp now owns 1,532 shares of the ride-sharing company’s stock valued at $115,000 after buying an additional 750 shares during the last quarter. Zions Bancorporation N.A. grew its stake in shares of Uber Technologies by 6.8% in the 3rd quarter. Zions Bancorporation N.A. now owns 72,047 shares of the ride-sharing company’s stock worth $5,415,000 after acquiring an additional 4,558 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Uber Technologies by 27.1% in the 3rd quarter. KBC Group NV now owns 296,100 shares of the ride-sharing company’s stock worth $22,255,000 after acquiring an additional 63,214 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER traded up $0.43 during mid-day trading on Thursday, reaching $71.59. 1,774,521 shares of the company were exchanged, compared to its average volume of 18,079,035. Uber Technologies, Inc. has a 52 week low of $53.15 and a 52 week high of $87.00. The company’s 50 day moving average price is $75.41 and its 200 day moving average price is $71.00. The stock has a market capitalization of $150.75 billion, a PE ratio of 35.40, a PEG ratio of 0.71 and a beta of 1.34. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly 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 company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on UBER shares. Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. UBS Group upped their target price on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Truist Financial reduced their price objective on Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. DA Davidson boosted their price target on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Finally, Wells Fargo & Company decreased their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 1st. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $90.32.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s 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 directly owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.84% of the company’s stock.

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.