Darwin Wealth Management LLC Buys 8,025 Shares of Uber Technologies, Inc. (NYSE:UBER)

Darwin Wealth Management LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 42.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,857 shares of the ride-sharing company's stock after purchasing an additional 8,025 shares during the quarter. Darwin Wealth Management LLC's holdings in Uber Technologies were worth $2,019,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UBER. Capital Research Global Investors raised its holdings in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company's stock valued at $3,075,562,000 after acquiring an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company's stock valued at $2,804,437,000 after acquiring an additional 9,996,508 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Uber Technologies by 1.6% during the 2nd quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company's stock worth $1,107,529,000 after buying an additional 237,976 shares in the last quarter. Clearbridge Investments LLC raised its holdings in shares of Uber Technologies by 9.6% during the 2nd quarter. Clearbridge Investments LLC now owns 12,244,856 shares of the ride-sharing company's stock worth $889,956,000 after buying an additional 1,076,876 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Uber Technologies by 36.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company's stock worth $864,390,000 after buying an additional 3,179,308 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

NYSE:UBER traded up $0.49 during trading hours on Wednesday, hitting $69.62. 16,645,781 shares of the company's stock traded hands, compared to its average volume of 18,310,824. The firm has a market cap of $146.60 billion, a P/E ratio of 34.53, a P/E/G ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 52 week low of $53.89 and a 52 week high of $87.00. The business's fifty day simple moving average is $75.47 and its two-hundred day simple moving average is $71.11. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly 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 return on equity of 33.46% and a net margin of 10.49%. The firm had revenue of $11.19 billion during the quarter, compared to analyst estimates of $10.99 billion. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company's revenue was up 20.4% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Daiwa America cut Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Evercore ISI boosted their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an "outperform" rating in a report on Thursday, October 31st. Daiwa Capital Markets cut Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price target for the company. in a report on Thursday, October 17th. Morgan Stanley boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, July 23rd. Finally, UBS Group boosted their price target on Uber Technologies from $102.00 to $114.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Six research 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $90.32.

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.