Joule Financial LLC Has $1.43 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Joule Financial LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,664 shares of the ride-sharing company’s stock after purchasing an additional 729 shares during the quarter. Uber Technologies accounts for 0.5% of Joule Financial LLC’s investment portfolio, making the stock its 28th biggest holding. Joule Financial LLC’s holdings in Uber Technologies were worth $1,427,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Ascent Wealth Partners LLC acquired a new stake in shares of Uber Technologies during the third quarter worth approximately $2,087,000. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Uber Technologies by 4.4% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 321,726 shares of the ride-sharing company’s stock valued at $24,180,000 after acquiring an additional 13,433 shares in the last quarter. Aviso Wealth Management acquired a new position in shares of Uber Technologies in the third quarter worth $2,302,000. Brophy Wealth Management LLC purchased a new stake in shares of Uber Technologies during the third quarter worth $1,041,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Uber Technologies by 9.8% during the third 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. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 27,780 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $72.90, for a total value of $2,025,162.00. Following the completion of the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. 3.80% of the stock is owned by company insiders.

Uber Technologies Stock Performance

Uber Technologies stock opened at $67.30 on Friday. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $87.00. 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 stock has a fifty day moving average price of $66.24 and a two-hundred day moving average price of $70.36. The firm has a market capitalization of $141.71 billion, a P/E ratio of 33.48, a P/E/G ratio of 0.71 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The firm 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%. The firm’s quarterly revenue was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $0.10 EPS. As a group, analysts anticipate that Uber Technologies, Inc. will post 1.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on UBER. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Friday, October 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, December 18th. Needham & Company LLC restated a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a research note on Thursday, October 31st. Citizens Jmp cut shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 2nd. Finally, JMP Securities downgraded shares of Uber Technologies from an “outperform” rating to a “market perform” rating and set a $95.00 target price on the stock. in a research report on Thursday, January 2nd. Seven analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $91.53.

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.