MFG Wealth Management Inc. Has $2.83 Million Holdings in Uber Technologies, Inc. $UBER

MFG Wealth Management Inc. decreased its position in Uber Technologies, Inc. (NYSE:UBER) by 21.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 28,834 shares of the ride-sharing company’s stock after selling 7,799 shares during the period. Uber Technologies makes up approximately 2.1% of MFG Wealth Management Inc.’s holdings, making the stock its 17th biggest position. MFG Wealth Management Inc.’s holdings in Uber Technologies were worth $2,825,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the company. Nova Wealth Management Inc. raised its position in shares of Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Atticus Wealth Management LLC boosted its position in shares of Uber Technologies by 39.8% during the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 127 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its stake in Uber Technologies by 4.4% during the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock worth $285,000 after purchasing an additional 129 shares during the period. Ignite Planners LLC increased its holdings in Uber Technologies by 4.2% in the third quarter. Ignite Planners LLC now owns 3,166 shares of the ride-sharing company’s stock worth $310,000 after purchasing an additional 129 shares in the last quarter. Finally, Clearstead Trust LLC lifted its stake in Uber Technologies by 0.5% in the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock valued at $2,424,000 after buying an additional 130 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.8%

Uber Technologies stock opened at $79.81 on Friday. Uber Technologies, Inc. has a 1-year low of $59.75 and a 1-year high of $101.99. The firm has a market capitalization of $165.83 billion, a price-to-earnings ratio of 10.26 and a beta of 1.19. The firm’s fifty day moving average price is $90.34 and its two-hundred day moving average price is $91.59. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping the consensus estimate of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the previous year, the firm posted $1.20 earnings per share. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on UBER shares. Needham & Company LLC reaffirmed a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. BTIG Research reissued a “buy” rating and set a $100.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. DA Davidson raised their price target on shares of Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. UBS Group set a $122.00 price objective on shares of Uber Technologies and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, Wells Fargo & Company cut their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $108.60.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This represents a 13.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 264,875 shares of company stock valued at $26,458,818. Corporate 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.