Turtle Creek Wealth Advisors LLC Purchases Shares of 2,857 Uber Technologies, Inc. (NYSE:UBER)

Turtle Creek Wealth Advisors LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,857 shares of the ride-sharing company’s stock, valued at approximately $215,000.

Several other institutional investors have also recently modified their holdings of the company. Natixis Advisors LLC boosted its stake in Uber Technologies by 7.5% in the third quarter. Natixis Advisors LLC now owns 720,279 shares of the ride-sharing company’s stock worth $54,136,000 after buying an additional 50,077 shares in the last quarter. Nicollet Investment Management Inc. bought a new stake in shares of Uber Technologies in the 3rd quarter worth approximately $5,504,000. Coastline Trust Co boosted its stake in shares of Uber Technologies by 13.5% in the 3rd quarter. Coastline Trust Co now owns 78,975 shares of the ride-sharing company’s stock valued at $5,936,000 after purchasing an additional 9,383 shares in the last quarter. First Long Island Investors LLC grew its holdings in shares of Uber Technologies by 4.8% during the 3rd quarter. First Long Island Investors LLC now owns 290,987 shares of the ride-sharing company’s stock valued at $21,871,000 after purchasing an additional 13,334 shares during the last quarter. Finally, KCM Investment Advisors LLC purchased a new position in Uber Technologies in the 3rd quarter worth $301,000. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Benchmark restated a “hold” rating on shares of Uber Technologies in a research report on Friday, November 1st. Cantor Fitzgerald restated an “overweight” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Monday, October 7th. Wells Fargo & Company decreased their price target on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 1st. Roth Mkm increased their price objective on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 target price on the stock in a research note on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Stock Up 2.5 %

UBER stock opened at $73.25 on Friday. The business has a 50 day moving average of $75.48 and a 200 day moving average of $71.05. The firm has a market cap of $154.24 billion, a PE ratio of 36.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Uber Technologies, Inc. has a twelve month low of $53.15 and a twelve month high of $87.00. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results 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. The firm had revenue of $11.19 billion during the quarter, compared to the consensus estimate of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The company’s revenue was up 20.4% on a year-over-year basis. During the same period last year, the company earned $0.10 earnings per share. On average, research analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

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 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 sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. This trade represents a 23.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.84% of the stock is owned by company insiders.

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.