Investment Research & Advisory Group Inc. Acquires 231 Shares of Uber Technologies, Inc. (NYSE:UBER)

Investment Research & Advisory Group Inc. lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 0.4% during the third quarter, HoldingsChannel.com reports. The firm owned 57,561 shares of the ride-sharing company’s stock after purchasing an additional 231 shares during the quarter. Uber Technologies makes up about 1.8% of Investment Research & Advisory Group Inc.’s portfolio, making the stock its 13th largest holding. Investment Research & Advisory Group Inc.’s holdings in Uber Technologies were worth $4,326,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. DGS Capital Management LLC bought a new position in shares of Uber Technologies in the first quarter worth approximately $252,000. Wealth Enhancement Advisory Services LLC lifted its position in Uber Technologies by 14.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 182,700 shares of the ride-sharing company’s stock valued at $14,066,000 after acquiring an additional 22,709 shares in the last quarter. Fifth Third Wealth Advisors LLC purchased a new stake in Uber Technologies during the 1st quarter valued at $246,000. Register Financial Advisors LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth $241,000. Finally, Financial Management Professionals Inc. raised its stake in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of Uber Technologies stock opened at $78.39 on Friday. The firm has a market cap of $164.69 billion, a PE ratio of 86.14, a PEG ratio of 1.40 and a beta of 1.33. The stock has a 50 day moving average of $74.98 and a 200 day moving average of $70.81. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $87.00.

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

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 value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 3.84% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on UBER. Citigroup increased their price objective on Uber Technologies from $96.00 to $98.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. TD Cowen raised their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. JMP Securities boosted their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Wells Fargo & Company restated an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a report on Friday, September 13th. Finally, Daiwa America lowered shares of Uber Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Six 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 stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $88.86.

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.