Sierra Capital LLC Acquires New Position in Uber Technologies, Inc. $UBER

Sierra Capital LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,207 shares of the ride-sharing company’s stock, valued at approximately $579,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBER. Nova Wealth Management Inc. lifted its position in Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after acquiring an additional 125 shares during the period. Atticus Wealth Management LLC boosted its position in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 127 shares during the last quarter. Sound View Wealth Advisors Group LLC boosted its position in Uber Technologies by 4.4% in the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock valued at $285,000 after buying an additional 129 shares during the last quarter. Clearstead Trust LLC raised its position in Uber Technologies by 0.5% during the 2nd quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock worth $2,424,000 after buying an additional 130 shares during the last quarter. Finally, Crewe Advisors LLC increased its stake in shares of Uber Technologies by 18.6% in the second quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock worth $82,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on UBER. Stifel Nicolaus set a $122.00 price target on Uber Technologies in a report on Tuesday, November 4th. Needham & Company LLC restated a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Wedbush lowered their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a research report on Wednesday, November 5th. Finally, Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $108.26.

Uber Technologies Trading Down 0.2%

Shares of UBER stock opened at $91.56 on Monday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week 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. The stock’s fifty day moving average is $95.50 and its two-hundred day moving average is $91.82. The firm has a market capitalization of $190.24 billion, a P/E ratio of 11.77 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $13.25 billion. During the same period last year, the firm posted $1.20 earnings per share. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the transaction, the insider owned 172,846 shares in the company, valued at approximately $16,074,678. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 598,875 shares of company stock valued at $58,407,848 over the last ninety days. 3.70% of the stock is currently owned by company 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.