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

Angeles Wealth Management LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 33.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,417 shares of the ride-sharing company’s stock after acquiring an additional 2,111 shares during the quarter. Angeles Wealth Management LLC’s holdings in Uber Technologies were worth $633,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UBER. Norden Group LLC purchased a new stake in Uber Technologies during the 1st quarter valued at about $1,651,000. Fidelis Capital Partners LLC acquired a new position in Uber Technologies in the 1st quarter worth approximately $631,000. Lincoln National Corp increased its holdings in Uber Technologies by 34.8% in the 1st quarter. Lincoln National Corp now owns 48,812 shares of the ride-sharing company’s stock worth $3,758,000 after buying an additional 12,608 shares during the period. Nordea Investment Management AB raised its position in Uber Technologies by 6.3% during the 1st quarter. Nordea Investment Management AB now owns 135,017 shares of the ride-sharing company’s stock worth $10,494,000 after buying an additional 8,048 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in Uber Technologies by 6.6% during the 1st quarter. Quent Capital LLC now owns 2,732 shares of the ride-sharing company’s stock valued at $210,000 after acquiring an additional 170 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on UBER shares. Wolfe Research assumed coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price target on the stock. TD Cowen lifted their price target on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Loop Capital boosted 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. Citigroup raised their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Evercore ISI boosted their target price on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday. Six equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $90.22.

Uber Technologies Stock Performance

UBER traded up $1.20 during trading on Friday, hitting $73.25. The stock had a trading volume of 33,542,204 shares, compared to its average volume of 18,874,420. Uber Technologies, Inc. has a twelve month low of $45.25 and a twelve month high of $87.00. The firm has a market capitalization of $153.89 billion, a P/E ratio of 36.44, a PEG ratio of 1.24 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.21 and a current ratio of 1.41. The company’s 50-day moving average price is $75.36 and its 200 day moving average price is $70.85.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. On average, equities research analysts forecast that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In other 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 transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.84% of the stock is currently owned by corporate insiders.

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.