Bogart Wealth LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 9.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 132,674 shares of the ride-sharing company’s stock after buying an additional 11,544 shares during the period. Bogart Wealth LLC’s holdings in Uber Technologies were worth $3,516,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the business. Global Retirement Partners LLC increased its stake in Uber Technologies by 3.8% during the 3rd quarter. Global Retirement Partners LLC now owns 32,916 shares of the ride-sharing company’s stock worth $875,000 after buying an additional 1,202 shares during the period. Trustcore Financial Services LLC increased its position in shares of Uber Technologies by 120.5% in the 3rd quarter. Trustcore Financial Services LLC now owns 2,609 shares of the ride-sharing company’s stock valued at $69,000 after purchasing an additional 1,426 shares during the last quarter. Hamilton Wealth LLC purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $268,000. Navalign LLC increased its position in shares of Uber Technologies by 42.8% in the 3rd quarter. Navalign LLC now owns 27,983 shares of the ride-sharing company’s stock valued at $742,000 after purchasing an additional 8,384 shares during the last quarter. Finally, Dowling & Yahnke LLC purchased a new stake in shares of Uber Technologies in the 3rd quarter valued at approximately $374,000. 71.83% of the stock is owned by hedge funds and other institutional investors.
Uber Technologies Stock Performance
Shares of UBER stock traded down $0.46 during mid-day trading on Thursday, hitting $28.50. The stock had a trading volume of 386,359 shares, compared to its average volume of 18,423,541. Uber Technologies, Inc. has a fifty-two week low of $19.90 and a fifty-two week high of $42.56. The firm has a market cap of $56.84 billion, a PE ratio of -6.38 and a beta of 1.18. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.04 and a quick ratio of 1.04. The company’s 50-day simple moving average is $27.28 and its 200-day simple moving average is $27.50.
Uber Technologies (NYSE:UBER – Get Rating) last released its earnings results on Tuesday, November 1st. The ride-sharing company reported ($0.61) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.44). The firm had revenue of $8.34 billion during the quarter, compared to analyst estimates of $8.08 billion. Uber Technologies had a negative return on equity of 90.49% and a negative net margin of 30.45%. Sell-side analysts anticipate that Uber Technologies, Inc. will post -5.14 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have commented on UBER shares. Cowen dropped their price objective on shares of Uber Technologies from $76.00 to $70.00 and set an “outperform” rating on the stock in a research report on Monday, October 24th. Morgan Stanley dropped their price objective on shares of Uber Technologies from $70.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, October 3rd. Jefferies Financial Group began coverage on shares of Uber Technologies in a research report on Monday, January 9th. They issued a “buy” rating and a $38.00 price objective on the stock. Wells Fargo & Company lowered their target price on shares of Uber Technologies from $55.00 to $46.00 and set an “overweight” rating for the company in a report on Thursday. Finally, Cowen lowered their target price on shares of Uber Technologies from $76.00 to $70.00 and set an “outperform” rating for the company in a report on Monday, October 24th. One investment analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $47.56.
Insider Activity
In other news, insider Jill Hazelbaker sold 50,000 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $30.01, for a total value of $1,500,500.00. Following the completion of the transaction, the insider now owns 145,750 shares in the company, valued at approximately $4,373,957.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.92% 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 the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.