Lake Street Private Wealth LLC Has $4.27 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Lake Street Private Wealth LLC lowered its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 52.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 56,771 shares of the ride-sharing company’s stock after selling 61,742 shares during the period. Lake Street Private Wealth LLC’s holdings in Uber Technologies were worth $4,267,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after acquiring an additional 3,623,951 shares during the period. Capital Research Global Investors boosted its holdings in shares of Uber Technologies by 8.2% during the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after acquiring an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. GQG Partners LLC boosted its holdings in shares of Uber Technologies by 74.1% during the first quarter. GQG Partners LLC now owns 22,423,451 shares of the ride-sharing company’s stock worth $1,726,381,000 after acquiring an additional 9,541,366 shares during the period. Finally, Legal & General Group Plc boosted its stake in shares of Uber Technologies by 1.6% in the second quarter. Legal & General Group Plc now owns 15,238,477 shares of the ride-sharing company’s stock valued at $1,107,529,000 after buying an additional 237,976 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the 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 completion of the sale, the insider now owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on UBER shares. Morgan Stanley boosted their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Monday, October 7th. Melius Research started coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. Wells Fargo & Company restated an “overweight” rating and set a $97.00 price objective on shares of Uber Technologies in a research report on Friday, September 13th. Finally, Roth Mkm boosted their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $88.65.

Uber Technologies Stock Down 0.4 %

Shares of UBER traded down $0.36 on Wednesday, reaching $80.05. The company’s stock had a trading volume of 2,209,213 shares, compared to its average volume of 17,899,508. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The stock has a market capitalization of $167.27 billion, a PE ratio of 129.68, a PEG ratio of 1.37 and a beta of 1.33. The firm has a fifty day moving average of $74.71 and a 200-day moving average of $70.69.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the business posted $0.18 EPS. Equities analysts predict that Uber Technologies, Inc. will post 1.08 EPS for the current year.

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.