19,651 Shares in Uber Technologies, Inc. $UBER Purchased by Guerra Pan Advisors LLC

Guerra Pan Advisors LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, Holdings Channel.com reports. The institutional investor purchased 19,651 shares of the ride-sharing company’s stock, valued at approximately $1,833,000. Uber Technologies makes up 1.2% of Guerra Pan Advisors LLC’s holdings, making the stock its 25th largest position.

Other institutional investors have also added to or reduced their stakes in the company. Nova Wealth Management Inc. increased its stake in shares of Uber Technologies by 41.0% in 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 in the last quarter. Atticus Wealth Management LLC raised its holdings 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 worth $42,000 after buying an additional 127 shares during the last quarter. Sound View Wealth Advisors Group LLC lifted its position in Uber Technologies by 4.4% in the 2nd quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock valued at $285,000 after acquiring an additional 129 shares in the last quarter. Clearstead Trust LLC boosted its position in shares of Uber Technologies by 0.5% during the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock valued at $2,424,000 after buying an additional 130 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC boosted its holdings in shares of Uber Technologies by 0.7% during the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock valued at $1,762,000 after acquiring an additional 132 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.5%

NYSE UBER opened at $83.81 on Friday. The company has a fifty day simple moving average of $94.81 and a two-hundred day simple moving average of $91.85. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market cap of $174.14 billion, a P/E ratio of 10.77 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate 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 business’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.20 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on UBER shares. BMO Capital Markets cut their target price on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. Truist Financial raised their target price on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Stifel Nicolaus set a $122.00 price objective on Uber Technologies in a report on Tuesday, November 4th. Susquehanna restated a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $108.26.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 570,750 shares of company stock valued at $55,682,535. 3.84% of the stock is owned by company insiders.

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.