Norden Group LLC Boosts Holdings in Uber Technologies, Inc. $UBER

Norden Group LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 221.8% in the third quarter, Holdings Channel reports. The institutional investor owned 16,806 shares of the ride-sharing company’s stock after acquiring an additional 11,583 shares during the quarter. Norden Group LLC’s holdings in Uber Technologies were worth $1,646,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UBER. Brighton Jones LLC boosted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its position in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC boosted its stake in shares of Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares during the period. Samalin Investment Counsel LLC purchased a new position in shares of Uber Technologies in the 1st quarter valued at about $222,000. Finally, Redwood Investment Management LLC acquired a new position in shares of Uber Technologies during the first quarter worth about $1,339,000. 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, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of the stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the sale, the insider owned 175,423 shares of the company’s stock, valued at $14,096,992.28. This trade represents a 1.75% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 14,875 shares of company stock valued at $1,348,818. 3.84% of the stock is owned by insiders.

Trending Headlines about Uber Technologies

Here are the key news stories impacting Uber Technologies this week:

Uber Technologies Stock Up 0.2%

Shares of NYSE UBER opened at $81.14 on Thursday. The business has a 50-day moving average price of $89.27 and a 200 day moving average price of $91.55. The stock has a market cap of $168.60 billion, a PE ratio of 10.43 and a beta of 1.19. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 52-week low of $60.02 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) last released its quarterly 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. The company had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a report on Wednesday, October 29th. The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Mizuho began coverage on shares of Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 price objective for the company. Truist Financial increased their target price on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Finally, BTIG Research reaffirmed a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Two equities research 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 stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $108.43.

Read Our Latest Analysis on UBER

Uber Technologies Company Profile

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

Featured Stories

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERFree Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.