Tower Bridge Advisors Invests $338,000 in Uber Technologies, Inc. (NYSE:UBER)

Tower Bridge Advisors bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,500 shares of the ride-sharing company’s stock, valued at approximately $338,000.

Several other large investors have also added to or reduced their stakes in the business. Orion Portfolio Solutions LLC raised its stake in shares of Uber Technologies by 19.0% in the first quarter. Orion Portfolio Solutions LLC now owns 25,216 shares of the ride-sharing company’s stock valued at $1,941,000 after buying an additional 4,024 shares during the period. Acadian Asset Management LLC grew its position in Uber Technologies by 39.5% during the first quarter. Acadian Asset Management LLC now owns 84,298 shares of the ride-sharing company’s stock worth $6,484,000 after buying an additional 23,851 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in shares of Uber Technologies in the 1st quarter worth about $62,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Uber Technologies by 19.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 157,369 shares of the ride-sharing company’s stock worth $12,116,000 after purchasing an additional 25,888 shares in the last quarter. Finally, Bessemer Group Inc. boosted its holdings in shares of Uber Technologies by 73.5% in the 1st quarter. Bessemer Group Inc. now owns 32,769 shares of the ride-sharing company’s stock worth $2,523,000 after purchasing an additional 13,887 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $73.25 on Monday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a market capitalization of $154.24 billion, a price-to-earnings ratio of 36.44, a PEG ratio of 0.73 and a beta of 1.34. The company’s 50 day simple moving average is $75.48 and its 200 day simple moving average is $71.08. Uber Technologies, Inc. has a 1 year low of $53.15 and a 1 year high of $87.00.

Uber Technologies (NYSE:UBER) last posted its quarterly 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 company had revenue of $11.19 billion for the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter last year, the firm posted $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. On average, sell-side analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Insider Activity 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 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 $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the subject of a number of recent research reports. Roth Mkm boosted their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Melius began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Raymond James began coverage on Uber Technologies in a research report on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 target price for the company. Truist Financial cut their price target on Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Evercore ISI upped their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. Six research analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $90.32.

Uber Technologies Company 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.