Bouvel Investment Partners LLC Raises Holdings in Uber Technologies, Inc. (NYSE:UBER)

Bouvel Investment Partners LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,335 shares of the ride-sharing company’s stock after purchasing an additional 202 shares during the quarter. Uber Technologies accounts for 1.5% of Bouvel Investment Partners LLC’s holdings, making the stock its 21st largest holding. Bouvel Investment Partners LLC’s holdings in Uber Technologies were worth $4,084,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. CENTRAL TRUST Co increased its holdings in Uber Technologies by 12.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,160 shares of the ride-sharing company’s stock valued at $87,000 after purchasing an additional 127 shares during the last quarter. Procyon Advisors LLC boosted its position in shares of Uber Technologies by 2.1% during the third quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock worth $476,000 after buying an additional 131 shares during the period. DT Investment Partners LLC grew its stake in shares of Uber Technologies by 21.4% in the third quarter. DT Investment Partners LLC now owns 821 shares of the ride-sharing company’s stock valued at $62,000 after buying an additional 145 shares in the last quarter. Jmac Enterprises LLC raised its holdings in shares of Uber Technologies by 2.1% in the 3rd quarter. Jmac Enterprises LLC now owns 7,340 shares of the ride-sharing company’s stock valued at $552,000 after buying an additional 150 shares during the period. Finally, Wealthspire Advisors LLC lifted its stake in Uber Technologies by 0.6% during the 2nd quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock worth $1,809,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

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 stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Oppenheimer lifted their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. Melius Research initiated coverage on shares of Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. DA Davidson upped their target price on shares of Uber Technologies from $82.00 to $84.00 and gave the stock a “buy” rating in a research note on Wednesday, November 6th. Raymond James assumed coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price target for the company. Finally, Jefferies Financial Group upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Six research 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Price Performance

UBER stock opened at $71.16 on Thursday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $149.84 billion, a P/E ratio of 35.40, a PEG ratio of 0.71 and a beta of 1.34. The business has a 50 day simple moving average of $75.41 and a 200-day simple moving average of $71.00. Uber Technologies, Inc. has a twelve month low of $52.39 and a twelve month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.10 EPS. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current year.

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.