ZWJ Investment Counsel Inc. Takes $6.70 Million Position in Uber Technologies, Inc. (NYSE:UBER)

ZWJ Investment Counsel Inc. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 89,174 shares of the ride-sharing company's stock, valued at approximately $6,702,000.

Several other hedge funds have also modified their holdings of UBER. GHP Investment Advisors Inc. grew its stake in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock valued at $26,000 after purchasing an additional 245 shares in the last quarter. Financial Management Professionals Inc. grew its stake in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 202 shares in the last quarter. WR Wealth Planners LLC grew its stake in Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Uber Technologies during the 1st quarter valued at approximately $32,000. Finally, MCF Advisors LLC grew its stake in Uber Technologies by 1,038.5% during the 2nd 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 in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business's stock in a transaction 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 sale, the insider now directly owns 127,352 shares of the company's stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.80% of the stock is owned by insiders.

Uber Technologies Price Performance

Shares of UBER traded down $2.00 during midday trading on Thursday, reaching $79.90. The stock had a trading volume of 27,364,207 shares, compared to its average volume of 18,064,568. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The firm's 50 day moving average price is $73.87 and its 200-day moving average price is $70.63. The company has a market capitalization of $167.87 billion, a P/E ratio of 87.80, a P/E/G ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies's revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, analysts forecast that Uber Technologies, Inc. will post 1.08 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the subject of several research reports. TD Cowen lifted their target price on Uber Technologies from $88.00 to $90.00 and gave the stock a "buy" rating in a research report on Tuesday, July 23rd. Loop Capital lifted their target price on Uber Technologies from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Tuesday, September 3rd. Wolfe Research initiated coverage on Uber Technologies in a research report on Tuesday, July 16th. They issued an "outperform" rating and a $90.00 target price for the company. Needham & Company LLC reiterated a "buy" rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Finally, Melius initiated coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a "hold" rating and a $77.00 target price for the company. Five investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $88.00.

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.