Kampmann Melissa S. Has $5.58 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Kampmann Melissa S. trimmed its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 74,260 shares of the ride-sharing company’s stock after selling 4,000 shares during the quarter. Uber Technologies makes up about 3.9% of Kampmann Melissa S.’s investment portfolio, making the stock its 4th biggest position. Kampmann Melissa S.’s holdings in Uber Technologies were worth $5,581,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of UBER. GHP Investment Advisors Inc. grew its holdings in Uber Technologies by 222.7% during the 2nd 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 during the last quarter. WR Wealth Planners LLC grew its stake in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 344 shares during the last quarter. J.Safra Asset Management Corp acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $32,000. MCF Advisors LLC raised its position in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares during the last quarter. Finally, Founders Capital Management acquired a new position in Uber Technologies during the 2nd quarter worth $33,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Down 1.5 %

Uber Technologies stock opened at $72.04 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a 1-year low of $49.02 and a 1-year high of $87.00. The company has a fifty day simple moving average of $75.45 and a 200 day simple moving average of $70.96. The company has a market cap of $151.70 billion, a P/E ratio of 35.84, a price-to-earnings-growth ratio of 0.72 and a beta of 1.34.

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 the consensus estimate of $0.41 by $0.79. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the company earned $0.10 EPS. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. Research analysts anticipate that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UBER has been the subject of several research reports. Evercore ISI lifted their target price on Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Wolfe Research initiated coverage on Uber Technologies in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price objective for the company. Melius assumed coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. UBS Group raised their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Truist Financial dropped their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.32.

Insider Transactions at Uber Technologies

In related 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 transaction of $2,880,000.00. Following the transaction, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.84% of the company’s stock.

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.