Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 38.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,284 shares of the ride-sharing company’s stock after purchasing an additional 906 shares during the period. Larson Financial Group LLC’s holdings in Uber Technologies were worth $247,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ascent Wealth Partners LLC acquired a new stake in Uber Technologies during the 3rd quarter worth $2,087,000. Aviso Wealth Management acquired a new stake in Uber Technologies during the 3rd quarter worth $2,302,000. Sumitomo Mitsui Trust Group Inc. boosted its stake 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 worth $432,356,000 after purchasing an additional 512,591 shares during the period. Aptus Capital Advisors LLC boosted its stake in Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after purchasing an additional 1,383 shares during the period. Finally, Lederer & Associates Investment Counsel CA acquired a new stake in Uber Technologies during the 3rd quarter worth $799,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $72.90, for a total value of $2,025,162.00. Following the transaction, the insider now owns 107,289 shares in the company, valued at approximately $7,821,368.10. This trade represents a 20.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.80% of the stock is currently owned by insiders.

Uber Technologies Price Performance

UBER opened at $71.64 on Thursday. The company’s 50 day simple moving average is $75.45 and its 200 day simple moving average is $71.20. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The stock has a market capitalization of $150.85 billion, a PE ratio of 35.64, a P/E/G ratio of 0.91 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last released its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business had revenue of $11.19 billion for the quarter, compared to analysts’ expectations of $10.99 billion. During the same period last year, the company earned $0.10 earnings per share. The company’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 1.89 EPS for the current year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of analyst reports. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Raymond James initiated coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price objective for the company. KeyCorp cut their price objective on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group upped their price objective 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. Finally, UBS Group upped their price objective on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Six analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $90.51.

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.