Uber Technologies, Inc. (NYSE:UBER) is Source Financial Advisors LLC’s Largest Position

Source Financial Advisors LLC lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 655,901 shares of the ride-sharing company’s stock after selling 294 shares during the period. Uber Technologies accounts for approximately 14.6% of Source Financial Advisors LLC’s portfolio, making the stock its biggest position. Source Financial Advisors LLC’s holdings in Uber Technologies were worth $49,298,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GHP Investment Advisors Inc. increased its stake in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the last quarter. WR Wealth Planners LLC raised its holdings in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares during the period. J.Safra Asset Management Corp acquired a new position in Uber Technologies in the first quarter valued at about $32,000. MCF Advisors LLC boosted its stake in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the period. Finally, Founders Capital Management acquired a new stake in shares of Uber Technologies during the second quarter valued at about $33,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.84% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JMP Securities upped their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Melius Research started coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Royal Bank of Canada boosted their price target on shares of Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, UBS Group raised their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Stock Performance

NYSE UBER opened at $72.04 on Friday. The firm has a market cap of $151.70 billion, a P/E ratio of 35.84, a P/E/G ratio of 0.74 and a beta of 1.34. Uber Technologies, Inc. has a 52-week low of $49.02 and a 52-week high of $87.00. The business’s 50-day moving average price is $75.45 and its 200 day moving average price is $70.96. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period last year, the business posted $0.10 EPS. The company’s revenue was up 20.4% on a year-over-year basis. On average, equities research analysts expect that Uber Technologies, Inc. will post 1.83 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.