206,088 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by WIM INVESTMENT MANAGEMENT Ltd

WIM INVESTMENT MANAGEMENT Ltd bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 206,088 shares of the ride-sharing company's stock, valued at approximately $15,490,000. Uber Technologies makes up about 6.5% of WIM INVESTMENT MANAGEMENT Ltd's investment portfolio, making the stock its 6th largest holding.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. increased its holdings in Uber Technologies by 222.7% during the second 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 raised its position in shares of Uber Technologies by 563.9% in the second 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 during the period. MCF Advisors LLC lifted 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 buying an additional 405 shares during the last quarter. Founders Capital Management bought a new stake in shares of Uber Technologies during the 2nd quarter worth about $33,000. Finally, Fairfield Financial Advisors LTD bought a new position in Uber Technologies in the 2nd quarter valued at about $36,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 2.5 %

Shares of UBER stock traded up $1.81 during mid-day trading on Friday, hitting $73.25. The company's stock had a trading volume of 23,980,917 shares, compared to its average volume of 19,038,950. Uber Technologies, Inc. has a 52 week low of $53.15 and a 52 week high of $87.00. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company's fifty day simple moving average is $75.48 and its 200-day simple moving average is $71.08. The company has a market cap of $154.24 billion, a PE ratio of 36.44, a P/E/G ratio of 0.73 and a beta of 1.34.

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, topping analysts' consensus estimates of $0.41 by $0.79. The business had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm's revenue for the quarter was up 20.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.10 earnings per share. As a group, equities research analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research analyst reports. Bank of America boosted their price objective on Uber Technologies from $88.00 to $96.00 and gave the stock a "buy" rating in a report on Wednesday, October 23rd. 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. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a "hold" rating and a $77.00 price objective on the stock. Daiwa Capital Markets cut shares of Uber Technologies from an "outperform" rating to a "neutral" rating and set a $84.00 target price for the company. in a research report on Thursday, October 17th. Finally, Raymond James began coverage on shares of Uber Technologies in a research report on Tuesday, September 24th. They set a "strong-buy" rating and a $90.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $90.32.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the business's stock in a transaction 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 owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.84% 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.