Prospera Private Wealth LLC Has $1.22 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Prospera Private Wealth LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 371.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 16,235 shares of the ride-sharing company's stock after purchasing an additional 12,788 shares during the period. Prospera Private Wealth LLC's holdings in Uber Technologies were worth $1,220,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company's stock worth $26,000 after buying an additional 245 shares during the last quarter. WR Wealth Planners LLC grew its position in shares of 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 acquiring an additional 344 shares during the period. MCF Advisors LLC increased its stake in shares of Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company's stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Founders Capital Management bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $33,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Uber Technologies in the second quarter valued at approximately $36,000. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of several analyst reports. JMP Securities raised their price objective on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Gordon Haskett upgraded shares of Uber Technologies from a "hold" rating to a "buy" rating and set a $85.00 target price for the company in a research report on Thursday, October 31st. Truist Financial decreased their price objective on Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Benchmark reiterated a "hold" rating on shares of Uber Technologies in a research report on Friday, November 1st. Finally, Citigroup increased their price objective on Uber Technologies from $96.00 to $98.00 and gave the company a "buy" rating in a research note on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $90.32.

Uber Technologies Stock Performance

Shares of NYSE UBER traded down $0.14 during midday trading on Wednesday, hitting $68.99. 8,347,704 shares of the company's stock were exchanged, compared to its average volume of 18,272,592. Uber Technologies, Inc. has a twelve month low of $53.89 and a twelve month high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The firm has a market cap of $145.27 billion, a P/E ratio of 34.53, a PEG ratio of 0.73 and a beta of 1.34. The stock's 50 day moving average price is $75.47 and its 200-day moving average price is $71.11.

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

Insider Activity

In related news, insider Jill Hazelbaker sold 40,000 shares of the firm's stock in a transaction that occurred 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 directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.80% of the company's stock.

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.