Quadrant Private Wealth Management LLC Invests $299,000 in Uber Technologies, Inc. $UBER

Quadrant Private Wealth Management LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 3,208 shares of the ride-sharing company’s stock, valued at approximately $299,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares in the last quarter. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies during the first quarter worth about $2,207,743,000. Kingstone Capital Partners Texas LLC increased its holdings in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares during the period. Northern Trust Corp increased its stake in shares of Uber Technologies by 3.9% in the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock valued at $1,401,873,000 after purchasing an additional 720,122 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Uber Technologies by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after buying an additional 394,157 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of research reports. Needham & Company LLC reissued a “buy” rating and issued a $109.00 target price on shares of Uber Technologies in a report on Tuesday, November 4th. Wedbush cut 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 report on Thursday, August 7th. Mizuho started coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target for the company. Cowen reissued a “buy” rating on shares of Uber Technologies in a report on Wednesday. Finally, Cantor Fitzgerald upped their target price on Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday. Two equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $92.03 on Friday. The company has a market capitalization of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The firm has a fifty day simple moving average of $95.46 and a 200 day simple moving average of $91.20.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. During the same period last year, the company posted $1.20 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction on Monday, October 20th. The shares were 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 $16,074,678. The trade was a 1.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

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.