Circle Wealth Management LLC Buys 9,382 Shares of Uber Technologies, Inc. (NYSE:UBER)

Circle Wealth Management LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 41.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,996 shares of the ride-sharing company’s stock after acquiring an additional 9,382 shares during the quarter. Circle Wealth Management LLC’s holdings in Uber Technologies were worth $2,405,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Ascent Wealth Partners LLC purchased a new stake in Uber Technologies during the 3rd quarter valued at about $2,087,000. Aviso Wealth Management bought a new stake in shares of Uber Technologies during the third quarter valued at approximately $2,302,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Uber Technologies by 9.8% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock worth $432,356,000 after acquiring an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC lifted its position in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after acquiring an additional 1,383 shares in the last quarter. Finally, Lederer & Associates Investment Counsel CA purchased a new stake in Uber Technologies during the 3rd quarter valued at $799,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. DA Davidson lifted their price objective on Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. Citigroup boosted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Jefferies Financial Group raised their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $90.51.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the 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 transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $72.02 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $151.65 billion, a PE ratio of 35.83, a P/E/G ratio of 0.89 and a beta of 1.34. The company has a 50-day simple moving average of $75.34 and a two-hundred day simple moving average of $71.24. Uber Technologies, Inc. has a one year low of $54.84 and a one year high of $87.00.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for 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 firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.10 EPS. Research analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current fiscal year.

About Uber Technologies

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.