Quad Cities Investment Group LLC Has $930,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Quad Cities Investment Group LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,377 shares of the ride-sharing company’s stock after buying an additional 500 shares during the period. Quad Cities Investment Group LLC’s holdings in Uber Technologies were worth $930,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of UBER. GHP Investment Advisors Inc. raised its holdings in shares of 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 acquiring an additional 245 shares in the last quarter. Financial Management Professionals Inc. increased its position in Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC increased its position in Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the last quarter. J.Safra Asset Management Corp purchased a new stake in shares of Uber Technologies during the 1st quarter worth about $32,000. Finally, MCF Advisors LLC lifted its holdings 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 valued at $32,000 after buying an additional 405 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UBER. Raymond James assumed 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 objective on the stock. Wells Fargo & Company restated an “overweight” rating and set a $97.00 price target on shares of Uber Technologies in a report on Friday, September 13th. JMP Securities upped their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Melius Research started coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Finally, Oppenheimer boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Five equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $88.00.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated Monday, September 16th. The stock was 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 directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.80% of the company’s stock.

Uber Technologies Price Performance

UBER stock traded down $1.73 during midday trading on Thursday, reaching $80.17. 12,631,066 shares of the company’s stock traded hands, compared to its average volume of 17,991,395. The company has a 50-day simple moving average of $73.87 and a two-hundred day simple moving average of $70.63. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $87.00. The company has a market cap of $168.43 billion, a price-to-earnings ratio of 87.82, a PEG ratio of 1.47 and a beta of 1.33.

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

Uber Technologies 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.