Conway Capital Management Inc. Makes New Investment in Uber Technologies, Inc. (NYSE:UBER)

Conway Capital Management Inc. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 4,625 shares of the ride-sharing company’s stock, valued at approximately $348,000.

Other hedge funds have also recently made changes to their positions in the company. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 222.7% in the second 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 in the last quarter. WR Wealth Planners LLC boosted its stake 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 worth $29,000 after purchasing an additional 344 shares in the last quarter. MCF Advisors LLC boosted its stake 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 in the last quarter. Fairfield Financial Advisors LTD bought a new stake in Uber Technologies during the 2nd quarter valued at about $36,000. Finally, NewSquare Capital LLC raised its holdings in Uber Technologies by 1,509.4% in the second quarter. NewSquare Capital LLC now owns 515 shares of the ride-sharing company’s stock worth $37,000 after buying an additional 483 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Down 0.5 %

Shares of UBER opened at $65.76 on Tuesday. The business’s 50 day simple moving average is $74.47 and its 200-day simple moving average is $71.49. Uber Technologies, Inc. has a 1 year low of $54.84 and a 1 year high of $87.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41. The stock has a market capitalization of $138.47 billion, a price-to-earnings ratio of 32.72, a price-to-earnings-growth ratio of 0.82 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating 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 in the prior year, the firm earned $0.10 earnings per share. Uber Technologies’s revenue was up 20.4% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.89 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In related 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 owns 127,352 shares in the company, valued at approximately $9,169,344. This represents a 23.90 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.84% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Friday, November 1st. Wells Fargo & Company cut their target price 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. Tigress Financial boosted their price target on Uber Technologies from $96.00 to $103.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Truist Financial lowered their target price on shares of 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, BMO Capital Markets reissued an “outperform” rating and issued a $92.00 target price on shares of Uber Technologies in a report on Friday, October 11th. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $90.51.

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.