Darwin Wealth Management LLC Acquires 8,025 Shares of Uber Technologies, Inc. (NYSE:UBER)

Darwin Wealth Management LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 42.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,857 shares of the ride-sharing company’s stock after acquiring an additional 8,025 shares during the quarter. Darwin Wealth Management LLC’s holdings in Uber Technologies were worth $2,019,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in UBER. Price T Rowe Associates Inc. MD increased its stake in Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after acquiring an additional 9,996,508 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Uber Technologies by 36.5% in the second quarter. Ameriprise Financial Inc. now owns 11,893,429 shares of the ride-sharing company’s stock valued at $864,390,000 after acquiring an additional 3,179,308 shares during the last quarter. Capital Research Global Investors increased its stake in Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after acquiring an additional 3,019,431 shares during the last quarter. AMF Tjanstepension AB bought a new position in Uber Technologies in the third quarter valued at approximately $163,468,000. Finally, Janus Henderson Group PLC increased its stake in Uber Technologies by 36.3% in the first quarter. Janus Henderson Group PLC now owns 8,009,770 shares of the ride-sharing company’s stock valued at $616,613,000 after acquiring an additional 2,134,621 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Up 0.4 %

UBER opened at $69.43 on Wednesday. Uber Technologies, Inc. has a 1-year low of $53.89 and a 1-year high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.70. The company has a market cap of $146.20 billion, a P/E ratio of 34.39, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. The company has a fifty day moving average price of $75.47 and a two-hundred day moving average price of $71.11.

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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $10.99 billion. During the same period in the previous year, the firm posted $0.10 earnings per share. The business’s revenue was up 20.4% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UBER shares. Roth Mkm lifted their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. KeyCorp cut their target price on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a research report on Friday, November 1st. Oppenheimer raised their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, September 27th. 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 report on Friday, October 18th. Finally, Daiwa Capital Markets lowered shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a research report on Thursday, October 17th. 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 23.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 3.80% 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.