SFE Investment Counsel Has $1.96 Million Stake in Uber Technologies, Inc. $UBER

SFE Investment Counsel grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 98.8% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 20,949 shares of the ride-sharing company’s stock after buying an additional 10,413 shares during the period. SFE Investment Counsel’s holdings in Uber Technologies were worth $1,955,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. West Oak Capital LLC acquired a new position in Uber Technologies in the 2nd quarter valued at approximately $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $30,000. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $27,000. Truvestments Capital LLC raised its stake in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC lifted its position in Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Down 0.1%

NYSE UBER opened at $92.03 on Friday. The stock’s 50 day simple moving average is $95.46 and its 200 day simple moving average is $91.20. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The firm has a market cap of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11.

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 the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.20 EPS. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 604,946 shares of company stock worth $58,950,116 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UBER. Roth Capital boosted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a research note on Tuesday, November 4th. Royal Bank Of Canada set a $110.00 price target on shares of Uber Technologies in a research report on Wednesday. Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Finally, UBS Group set a $122.00 price objective on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.26.

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.