Fusion Capital LLC Purchases 690 Shares of Uber Technologies, Inc. $UBER

Fusion Capital LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 22.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,760 shares of the ride-sharing company’s stock after acquiring an additional 690 shares during the quarter. Fusion Capital LLC’s holdings in Uber Technologies were worth $351,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Vision Financial Markets LLC bought a new position in Uber Technologies in the 1st quarter worth approximately $27,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at $28,000. Truvestments Capital LLC raised its position in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies during the second quarter valued at $30,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Uber Technologies during the first quarter valued at $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Raymond James Financial boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. Truist Financial boosted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Sanford C. Bernstein raised their price objective on shares of Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, November 5th. BMO Capital Markets lowered their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Finally, BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $108.26.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the transaction, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the transaction, the chief executive officer owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 598,875 shares of company stock valued at $58,407,848 over the last ninety days. 3.84% of the stock is owned by insiders.

Uber Technologies Trading Down 0.2%

UBER opened at $91.56 on Friday. The firm’s fifty day moving average is $95.50 and its two-hundred day moving average is $91.66. The firm has a market cap of $190.24 billion, a PE ratio of 11.77 and a beta of 1.46. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The business had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.