V Square Quantitative Management LLC Raises Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

V Square Quantitative Management LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 35.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,545 shares of the ride-sharing company’s stock after purchasing an additional 3,515 shares during the quarter. V Square Quantitative Management LLC’s holdings in Uber Technologies were worth $1,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Mather Group LLC. bought a new stake in Uber Technologies during the first quarter worth about $79,000. Massmutual Trust Co. FSB ADV lifted its position in Uber Technologies by 31.8% in the 1st quarter. Massmutual Trust Co. FSB ADV now owns 6,567 shares of the ride-sharing company’s stock worth $506,000 after buying an additional 1,583 shares during the last quarter. RFG Advisory LLC boosted its stake in Uber Technologies by 7.7% in the first quarter. RFG Advisory LLC now owns 12,475 shares of the ride-sharing company’s stock worth $960,000 after buying an additional 888 shares in the last quarter. Meyer Handelman Co. bought a new position in Uber Technologies during the first quarter valued at approximately $1,170,000. Finally, &PARTNERS purchased a new position in shares of Uber Technologies during the first quarter worth approximately $230,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 0.9 %

UBER stock opened at $79.16 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The business has a 50 day moving average of $74.30 and a 200 day moving average of $70.72. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $87.00. The firm has a market cap of $165.41 billion, a PE ratio of 127.68, a price-to-earnings-growth ratio of 1.47 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s revenue was up 15.9% on a year-over-year basis. During the same period last year, the company earned $0.18 earnings per share. On average, research analysts forecast that Uber Technologies, Inc. will post 1.08 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred 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 sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Raymond James initiated coverage on shares of Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective for the company. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Cantor Fitzgerald reissued an “overweight” rating and issued a $90.00 target price on shares of Uber Technologies in a research note on Monday, October 7th. Wells Fargo & Company restated an “overweight” rating and set a $97.00 price target on shares of Uber Technologies in a research report on Friday, September 13th. Finally, Truist Financial boosted their price objective on Uber Technologies from $88.00 to $99.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Six investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $88.51.

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.