Uber Technologies, Inc. (NYSE:UBER) Shares Bought by Whalen Wealth Management Inc.

Whalen Wealth Management Inc. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 185.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,305 shares of the ride-sharing company’s stock after buying an additional 15,795 shares during the quarter. Uber Technologies accounts for 1.3% of Whalen Wealth Management Inc.’s holdings, making the stock its 19th largest holding. Whalen Wealth Management Inc.’s holdings in Uber Technologies were worth $1,827,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently 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 worth $26,000 after purchasing an additional 245 shares in the last quarter. WR Wealth Planners LLC boosted its stake in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares during the period. MCF Advisors LLC grew its position in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. Founders Capital Management purchased a new stake in shares of Uber Technologies during the second quarter worth approximately $33,000. Finally, Financial Management Professionals Inc. raised its holdings in Uber Technologies by 104.1% in the third quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock valued at $37,000 after acquiring an additional 252 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, 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 accessible through the SEC website. 3.80% of the stock is owned by company insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $69.34 on Tuesday. The company has a market capitalization of $146.01 billion, a PE ratio of 34.50, a P/E/G 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 50-day simple moving average of $75.48 and a 200-day simple moving average of $71.10. 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) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion during 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 company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm earned $0.10 EPS. Equities research analysts predict 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 topic of a number of recent analyst reports. Melius Research initiated coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective on the stock. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Thursday, October 31st. Wells Fargo & Company cut their target price on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $90.32.

About Uber Technologies

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.