Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Sentry Investment Management LLC

Sentry Investment Management LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 6.7% during the third quarter, Holdings Channel.com reports. The fund owned 16,205 shares of the ride-sharing company’s stock after acquiring an additional 1,021 shares during the period. Sentry Investment Management LLC’s holdings in Uber Technologies were worth $1,218,000 at the end of the most recent quarter.

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

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred 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 directly owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was 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. 3.80% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $73.25 on Tuesday. Uber Technologies, Inc. has a 1-year low of $46.68 and a 1-year 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 firm has a 50 day simple moving average of $75.37 and a 200-day simple moving average of $70.86. The stock has a market cap of $153.89 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 1.22 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 business had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The business’s revenue was up 20.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.10 earnings per share. Equities analysts forecast that Uber Technologies, Inc. will post 1.09 EPS for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. JMP Securities lifted their price objective on Uber Technologies from $80.00 to $95.00 and gave the company a “market outperform” rating in a research note on Friday. Raymond James started coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target for the company. Roth Mkm raised their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Bank of America increased their target price on Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday, October 23rd. Finally, Royal Bank of Canada lifted their price target on Uber Technologies from $80.00 to $82.00 and gave the stock an “outperform” rating in a report on Friday. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.22.

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.