Whalen Wealth Management Inc. Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Whalen Wealth Management Inc. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 185.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,305 shares of the ride-sharing company's stock after acquiring an additional 15,795 shares during the period. Uber Technologies comprises 1.3% of Whalen Wealth Management Inc.'s investment portfolio, making the stock its 19th biggest position. Whalen Wealth Management Inc.'s holdings in Uber Technologies were worth $1,827,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ascent Wealth Partners LLC bought a new position in Uber Technologies in the 3rd quarter worth approximately $2,087,000. Aviso Wealth Management purchased a new stake in shares of Uber Technologies during the 3rd quarter valued at $2,302,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Uber Technologies by 9.8% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 5,752,471 shares of the ride-sharing company's stock valued at $432,356,000 after purchasing an additional 512,591 shares during the last quarter. Aptus Capital Advisors LLC grew its holdings in shares of Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company's stock valued at $688,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Lederer & Associates Investment Counsel CA bought a new position in shares of Uber Technologies during the 3rd quarter valued at $799,000. 80.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UBER shares. Royal Bank of Canada increased their target price on shares of Uber Technologies from $80.00 to $82.00 and gave the company an "outperform" rating in a report on Friday, November 1st. Wells Fargo & Company cut their price target on shares of Uber Technologies from $97.00 to $90.00 and set an "overweight" rating on the stock in a report on Friday, November 1st. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Daiwa America lowered shares of Uber Technologies from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 17th. Finally, Morgan Stanley raised their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an "overweight" rating in a report on Tuesday, July 23rd. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $90.32.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the 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 transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 23.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.80% of the company's stock.

Uber Technologies Stock Down 0.3 %

Shares of NYSE UBER traded down $0.20 during midday trading on Tuesday, hitting $69.13. The stock had a trading volume of 21,523,640 shares, compared to its average volume of 18,315,998. The business's 50 day moving average is $75.47 and its 200-day moving average is $71.11. The company has a market cap of $145.57 billion, a P/E ratio of 34.39, a PEG ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a 52 week low of $53.76 and a 52 week high of $87.00. 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 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. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The business's revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. As a group, analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Uber Technologies 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.