Summit Trail Advisors LLC Buys 2,709 Shares of Uber Technologies, Inc. (NYSE:UBER)

Summit Trail Advisors LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,139 shares of the ride-sharing company’s stock after buying an additional 2,709 shares during the period. Summit Trail Advisors LLC’s holdings in Uber Technologies were worth $4,746,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Kestra Advisory Services LLC increased its stake in shares of Uber Technologies by 17.8% in the first quarter. Kestra Advisory Services LLC now owns 168,506 shares of the ride-sharing company’s stock worth $12,973,000 after purchasing an additional 25,472 shares during the period. Bornite Capital Management LP bought a new position in shares of Uber Technologies in the first quarter worth about $19,248,000. Caxton Associates LP increased its stake in shares of Uber Technologies by 126.0% in the first quarter. Caxton Associates LP now owns 13,483 shares of the ride-sharing company’s stock worth $1,038,000 after purchasing an additional 7,517 shares during the period. Zurich Insurance Group Ltd FI bought a new position in shares of Uber Technologies in the first quarter worth about $93,138,000. Finally, Benchmark Investment Advisors LLC bought a new position in shares of Uber Technologies in the first quarter worth about $2,429,000. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Gordon Haskett upgraded Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a research note on Thursday, October 31st. Daiwa Capital Markets lowered Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a research note on Thursday, October 17th. KeyCorp dropped their price objective on Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Truist Financial lowered their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, DA Davidson boosted their price target on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Six analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction 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. The trade was a 23.90 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 2.7 %

NYSE:UBER opened at $71.51 on Friday. The stock’s fifty day moving average price is $75.47 and its two-hundred day moving average price is $71.09. 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 quick ratio of 1.41 and a current ratio of 1.41. The company has a market cap of $150.58 billion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 0.90 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the prior year, the business earned $0.10 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, analysts anticipate that Uber Technologies, Inc. will post 1.83 EPS for the current year.

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.