Uber Technologies, Inc. (NYSE:UBER) Stake Raised by Markel Group Inc.

Markel Group Inc. increased its position in Uber Technologies, Inc. (NYSE:UBER) by 23.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 88,000 shares of the ride-sharing company’s stock after buying an additional 17,000 shares during the period. Markel Group Inc.’s holdings in Uber Technologies were worth $6,614,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. GHP Investment Advisors Inc. raised its stake in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares in the last quarter. WR Wealth Planners LLC boosted 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 valued at $29,000 after buying an additional 344 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in Uber Technologies in the first quarter worth about $32,000. MCF Advisors LLC raised its stake in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares during the last quarter. Finally, Founders Capital Management bought a new stake in shares of Uber Technologies during the 2nd quarter valued at $33,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Down 1.5 %

UBER stock opened at $72.04 on Friday. The firm has a market cap of $151.70 billion, a PE ratio of 35.84, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34. The firm has a fifty day moving average price of $75.45 and a 200 day moving average price of $70.96. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. Uber Technologies, Inc. has a fifty-two week low of $49.02 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the firm posted $0.10 EPS. The business’s quarterly revenue was up 20.4% on a year-over-year basis. Sell-side analysts anticipate that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Ratings Changes

UBER has been the subject of a number of research analyst reports. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target for the company. in a research report on Thursday, October 17th. Citigroup boosted 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. DA Davidson upped their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a report on Wednesday. Finally, UBS Group upped their price objective on Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a report on Friday, October 18th. Six investment analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.32.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.84% of the company’s stock.

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.