Whalen Wealth Management Inc. Purchases 15,795 Shares of Uber Technologies, Inc. (NYSE:UBER)

Whalen Wealth Management Inc. grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 185.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 24,305 shares of the ride-sharing company’s stock after acquiring an additional 15,795 shares during the quarter. Uber Technologies comprises approximately 1.3% of Whalen Wealth Management Inc.’s holdings, making the stock its 19th largest holding. Whalen Wealth Management Inc.’s holdings in Uber Technologies were worth $1,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBER. CENTRAL TRUST Co boosted its holdings in shares of Uber Technologies by 12.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock worth $87,000 after purchasing an additional 127 shares during the period. Procyon Advisors LLC boosted its stake in Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after buying an additional 131 shares during the period. DT Investment Partners LLC increased its position in Uber Technologies by 21.4% during the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after acquiring an additional 145 shares during the last quarter. Jmac Enterprises LLC raised its stake in shares of Uber Technologies by 2.1% in the third quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after acquiring an additional 150 shares during the period. Finally, Wealthspire Advisors LLC lifted its holdings in shares of Uber Technologies by 0.6% in 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. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 5.3 %

Shares of Uber Technologies stock opened at $69.34 on Tuesday. The firm has a fifty day moving average price of $75.48 and a 200 day moving average price of $71.10. The stock has a market cap of $146.01 billion, a PE ratio of 34.50, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 1 year low of $53.76 and a 1 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 posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating 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 net margin of 10.49% and a return on equity of 33.46%. The business’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.10 EPS. Equities research analysts predict that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Activity

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 stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. UBS Group raised their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Melius Research assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective on the stock. KeyCorp decreased their target price on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, The Goldman Sachs Group upped 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. 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.