Princeton Capital Management LLC Grows Position in Uber Technologies, Inc. (NYSE:UBER)

Princeton Capital Management LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 289.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 11,296 shares of the ride-sharing company's stock after purchasing an additional 8,395 shares during the quarter. Princeton Capital Management LLC's holdings in Uber Technologies were worth $849,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Wealth Advisors LLC increased its position in shares of Uber Technologies by 11.5% during the third quarter. Fifth Third Wealth Advisors LLC now owns 29,681 shares of the ride-sharing company's stock worth $2,231,000 after acquiring an additional 3,053 shares in the last quarter. Prospera Financial Services Inc boosted its stake in Uber Technologies by 20.5% during the 3rd quarter. Prospera Financial Services Inc now owns 65,657 shares of the ride-sharing company's stock valued at $4,935,000 after purchasing an additional 11,186 shares during the last quarter. Whalen Wealth Management Inc. increased its holdings in Uber Technologies by 185.6% during the 3rd quarter. Whalen Wealth Management Inc. now owns 24,305 shares of the ride-sharing company's stock worth $1,827,000 after purchasing an additional 15,795 shares in the last quarter. Cantillon Capital Management LLC raised its stake in shares of Uber Technologies by 65.2% in the third quarter. Cantillon Capital Management LLC now owns 4,022,650 shares of the ride-sharing company's stock worth $302,342,000 after purchasing an additional 1,587,208 shares during the last quarter. Finally, Knuff & Co LLC lifted its holdings in shares of Uber Technologies by 13.2% in the third quarter. Knuff & Co LLC now owns 3,820 shares of the ride-sharing company's stock valued at $287,000 after purchasing an additional 445 shares in the last quarter. Institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the business's stock in a transaction dated 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 $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.80% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of a number of analyst reports. Daiwa Capital Markets lowered Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 price target for the company. in a research report on Thursday, October 17th. Needham & Company LLC restated a "buy" rating and set a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Oppenheimer increased their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an "outperform" rating in a research note on Friday, September 27th. Melius Research initiated coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a "hold" rating and a $77.00 target price on the stock. Finally, Melius started coverage on Uber Technologies in a research report on Monday, July 22nd. They set a "hold" rating and a $77.00 price target for the company. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $90.32.

Uber Technologies Trading Down 0.2 %

NYSE UBER traded down $0.15 during trading on Tuesday, hitting $69.18. 14,037,771 shares of the company's stock traded hands, compared to its average volume of 18,281,453. The stock has a fifty day moving average of $75.47 and a two-hundred day moving average of $71.11. Uber Technologies, Inc. has a 12-month low of $53.76 and a 12-month high of $87.00. The firm has a market cap of $145.67 billion, a P/E ratio of 34.23, a PEG ratio of 0.73 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating 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 company had revenue of $11.19 billion during the quarter, compared to analysts' expectations of $10.99 billion. During the same period in the prior year, the business posted $0.10 EPS. Uber Technologies's quarterly revenue was up 20.4% compared to the same quarter last year. As a group, sell-side analysts expect 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.