ABLE Financial Group LLC Makes New $696,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

ABLE Financial Group LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 9,261 shares of the ride-sharing company’s stock, valued at approximately $696,000.

Other large investors have also recently made changes to their positions in the company. Ascent Wealth Partners LLC bought a new position in Uber Technologies in the third quarter valued at about $2,087,000. Aptus Capital Advisors LLC boosted its holdings in shares of Uber Technologies by 17.1% in the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after buying an additional 1,383 shares during the last quarter. Lederer & Associates Investment Counsel CA bought a new stake in Uber Technologies during the third quarter valued at approximately $799,000. Samlyn Capital LLC purchased a new stake in Uber Technologies during the second quarter valued at approximately $134,987,000. Finally, Hedeker Wealth LLC bought a new position in Uber Technologies in the third quarter worth approximately $6,519,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on UBER shares. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 target price on the stock. in a report on Thursday, October 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Friday, October 11th. Oppenheimer increased their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Gordon Haskett raised shares of Uber Technologies from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a research note on Thursday, October 31st. Finally, Raymond James assumed coverage on 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. Six investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $90.32.

Uber Technologies Stock Down 0.9 %

NYSE UBER traded down $0.63 during midday trading on Friday, hitting $72.50. 4,236,694 shares of the company traded hands, compared to its average volume of 18,070,844. Uber Technologies, Inc. has a 52 week low of $49.02 and a 52 week high of $87.00. The company’s 50-day simple moving average is $75.47 and its 200-day simple moving average is $70.93. The company has a market cap of $152.66 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 0.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.41 and a quick ratio of 1.41.

Uber Technologies (NYSE:UBER) last posted its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 earnings per share. As a group, equities research analysts forecast that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

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.