Western Pacific Wealth Management LP Has $354,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Western Pacific Wealth Management LP grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 16.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,714 shares of the ride-sharing company’s stock after purchasing an additional 650 shares during the quarter. Western Pacific Wealth Management LP’s holdings in Uber Technologies were worth $354,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. GHP Investment Advisors Inc. raised its position in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the last quarter. WR Wealth Planners LLC increased its stake in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares during the period. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies during the first quarter worth about $32,000. MCF Advisors LLC lifted its stake in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the period. Finally, Founders Capital Management bought a new stake in Uber Technologies in the second quarter valued at approximately $33,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Oppenheimer raised their price target 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. 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 report on Thursday, October 17th. Evercore ISI upped their price target on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price objective on Uber Technologies from $97.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 1st. Finally, Raymond James started coverage on Uber Technologies in a research note on Tuesday, September 24th. They issued a “strong-buy” rating and a $90.00 price objective on the stock. Six equities research 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 company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $90.32.

Uber Technologies Stock Performance

NYSE UBER opened at $73.12 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The company has a fifty day moving average of $75.47 and a 200-day moving average of $70.93. Uber Technologies, Inc. has a 52-week low of $48.90 and a 52-week high of $87.00. The company has a market capitalization of $153.97 billion, a P/E ratio of 36.38, a P/E/G ratio of 0.74 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last issued its earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $10.99 billion. During the same quarter last year, the business earned $0.10 earnings per share. The business’s revenue was up 20.4% on a year-over-year basis. As a group, equities research analysts predict that Uber Technologies, Inc. will post 1.83 EPS for the current fiscal year.

Insider Buying and Selling

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

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.