DeDora Capital Inc. Buys 562 Shares of Uber Technologies, Inc. (NYSE:UBER)

DeDora Capital Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.9% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 14,860 shares of the ride-sharing company’s stock after buying an additional 562 shares during the quarter. DeDora Capital Inc.’s holdings in Uber Technologies were worth $1,117,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Aptus Capital Advisors LLC lifted its position 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 buying an additional 1,383 shares in the last quarter. Samlyn Capital LLC acquired a new position in Uber Technologies during the 2nd quarter valued at about $134,987,000. Brookstone Capital Management increased its holdings in shares of Uber Technologies by 19.0% in the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in Uber Technologies by 26.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after purchasing an additional 8,614 shares in the last quarter. Finally, DSM Capital Partners LLC boosted its position in Uber Technologies by 2.2% during the second quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock worth $163,775,000 after purchasing an additional 47,824 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UBER shares. Melius began coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Loop Capital upped their price target on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, August 7th. Evercore ISI increased their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Finally, Daiwa America downgraded Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $88.51.

Uber Technologies Stock Performance

Shares of Uber Technologies stock remained flat at $80.46 during trading on Tuesday. The stock had a trading volume of 1,530,402 shares, compared to its average volume of 17,931,207. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The company has a market cap of $168.12 billion, a price-to-earnings ratio of 129.18, a price-to-earnings-growth ratio of 1.37 and a beta of 1.33. The stock has a 50 day moving average price of $74.53 and a two-hundred day moving average price of $70.67. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. Uber Technologies’s revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.18 EPS. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Insider Transactions at Uber Technologies

In other 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 value of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is owned by company insiders.

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.