Liberty One Investment Management LLC Acquires Shares of 12,539 Uber Technologies, Inc. $UBER

Liberty One Investment Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, HoldingsChannel reports. The fund bought 12,539 shares of the ride-sharing company’s stock, valued at approximately $1,227,000.

Other institutional investors have also recently made changes to their positions in the company. Foster Group Inc. boosted its stake in Uber Technologies by 3.3% during the 3rd quarter. Foster Group Inc. now owns 3,364 shares of the ride-sharing company’s stock valued at $330,000 after purchasing an additional 107 shares during the last quarter. Quent Capital LLC lifted its holdings in shares of Uber Technologies by 3.3% during the third quarter. Quent Capital LLC now owns 3,504 shares of the ride-sharing company’s stock valued at $343,000 after purchasing an additional 111 shares in the last quarter. Dumont & Blake Investment Advisors LLC boosted its position in shares of Uber Technologies by 1.3% during the third quarter. Dumont & Blake Investment Advisors LLC now owns 8,975 shares of the ride-sharing company’s stock valued at $879,000 after buying an additional 115 shares during the last quarter. Realta Investment Advisors increased its holdings in Uber Technologies by 2.9% in the 3rd quarter. Realta Investment Advisors now owns 4,018 shares of the ride-sharing company’s stock worth $394,000 after buying an additional 115 shares in the last quarter. Finally, Abacus Planning Group Inc. increased its holdings in Uber Technologies by 2.8% in the 3rd quarter. Abacus Planning Group Inc. now owns 4,260 shares of the ride-sharing company’s stock worth $417,000 after buying an additional 117 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.0%

UBER opened at $84.63 on Tuesday. The firm’s 50 day simple moving average is $86.25 and its two-hundred day simple moving average is $91.29. The company has a market capitalization of $175.84 billion, a PE ratio of 10.88 and a beta of 1.20. Uber Technologies, Inc. has a 1-year low of $60.63 and a 1-year high of $101.99. 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 issued its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the previous year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on UBER shares. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 29th. Melius downgraded shares of Uber Technologies from a “hold” rating to a “sell” rating and set a $73.00 price objective on the stock. in a research report on Monday, January 5th. Royal Bank Of Canada set a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Melius Research set a $73.00 target price on shares of Uber Technologies in a research report on Monday, January 5th. Finally, Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating, eight have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $107.14.

Insider Activity

In other news, insider Tony West sold 3,125 shares of Uber Technologies 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 transaction, the insider directly owned 175,423 shares of the company’s stock, valued at $14,096,992.28. The trade was a 1.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 14,875 shares of company stock valued at $1,348,818 in the last three months. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Profile

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.