Cumberland Partners Ltd Buys 23,000 Shares of Uber Technologies, Inc. $UBER

Cumberland Partners Ltd raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 65.7% during the second quarter, HoldingsChannel.com reports. The fund owned 58,000 shares of the ride-sharing company’s stock after purchasing an additional 23,000 shares during the quarter. Cumberland Partners Ltd’s holdings in Uber Technologies were worth $5,411,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the first quarter valued at about $27,000. West Oak Capital LLC bought a new position in Uber Technologies during the second quarter valued at approximately $28,000. Truvestments Capital LLC grew its holdings in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies in the 2nd quarter worth approximately $30,000. Finally, Ransom Advisory Ltd bought a new stake in Uber Technologies in the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction that occurred on 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 sale, the chief financial officer 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 602,000 shares of company stock valued at $58,695,660 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UBER shares. Royal Bank Of Canada set a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. The Goldman Sachs Group reissued a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Mizuho started coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price on the stock. Stifel Nicolaus set a $122.00 price target on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Needham & Company LLC reissued a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $89.28 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $95.27 and its two-hundred day moving average is $91.92. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a market capitalization of $185.50 billion, a PE ratio of 11.48 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last released its 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. The business 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 period last year, the company earned $1.20 earnings per share. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share 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.