2,693 Shares in Uber Technologies, Inc. $UBER Acquired by Opinicus Capital Inc.

Opinicus Capital Inc. purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, HoldingsChannel.com reports. The firm purchased 2,693 shares of the ride-sharing company’s stock, valued at approximately $251,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nova Wealth Management Inc. lifted its position in shares of Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after purchasing an additional 125 shares during the last quarter. Atticus Wealth Management LLC increased its holdings in shares of Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock worth $42,000 after acquiring an additional 127 shares during the period. Sound View Wealth Advisors Group LLC grew its holdings in Uber Technologies by 4.4% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock worth $285,000 after buying an additional 129 shares in the last quarter. Clearstead Trust LLC increased its holdings in shares of Uber Technologies by 0.5% during the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock valued at $2,424,000 after purchasing an additional 130 shares during the period. Finally, Forum Financial Management LP raised its position in shares of Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock worth $798,000 after buying an additional 136 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on UBER shares. Susquehanna reissued a “positive” rating and issued a $110.00 price objective on shares of Uber Technologies in a research note on Wednesday, November 5th. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a report on Wednesday, November 5th. Royal Bank Of Canada set a $110.00 price objective on shares of Uber Technologies in a research note on Wednesday, November 5th. Wedbush reduced their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $108.00 price objective on shares of Uber Technologies in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.26.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $91.56 on Friday. The company’s fifty day moving average is $95.50 and its two-hundred day moving average is $91.66. The company has a market cap of $190.24 billion, a P/E ratio of 11.77 and a beta of 1.46. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. 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 (NYSE:UBER) last issued its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The business had revenue of $13.47 billion for 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%.Uber Technologies’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 earnings per share. Equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction dated 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 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 598,875 shares of company stock worth $58,407,848 in the last 90 days. 3.84% of the stock is owned by corporate insiders.

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.