D Orazio & Associates Inc. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

D Orazio & Associates Inc. acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 2,727 shares of the ride-sharing company’s stock, valued at approximately $205,000.

Several other institutional investors have also recently modified their holdings of UBER. Ascent Wealth Partners LLC bought a new position in Uber Technologies during the 3rd quarter worth approximately $2,087,000. Aptus Capital Advisors LLC grew its holdings in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after acquiring an additional 1,383 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in Uber Technologies by 9.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company’s stock valued at $432,356,000 after purchasing an additional 512,591 shares during the last quarter. Lederer & Associates Investment Counsel CA purchased a new position in shares of Uber Technologies during the third quarter valued at approximately $799,000. Finally, Samlyn Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $134,987,000. 80.24% of the stock is currently owned by institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $71.16 on Thursday. The firm’s 50 day simple moving average is $75.41 and its two-hundred day simple moving average is $71.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The company has a market capitalization of $149.84 billion, a P/E ratio of 35.40, a P/E/G ratio of 0.71 and a beta of 1.34. Uber Technologies, Inc. has a 1-year low of $52.39 and a 1-year high of $87.00.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 EPS. Research analysts expect that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of several research analyst reports. The Goldman Sachs Group raised their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Melius started coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a research report on Friday, October 11th. Morgan Stanley lifted their price target on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Finally, Roth Mkm upped their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Company 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.