Souders Financial Advisors Increases Stake in Uber Technologies, Inc. (NYSE:UBER)

Souders Financial Advisors grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,227 shares of the ride-sharing company’s stock after purchasing an additional 197 shares during the quarter. Souders Financial Advisors’ holdings in Uber Technologies were worth $1,295,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of brokerages have recently commented on UBER. Morgan Stanley boosted their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Citigroup increased their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. 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 target on the stock. Evercore ISI raised their price objective on shares of Uber Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Finally, Wolfe Research initiated coverage on shares of Uber Technologies in a research note on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price on the stock. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $90.32.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $71.39 on Wednesday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. The stock’s fifty day moving average is $75.42 and its two-hundred day moving average is $70.99. Uber Technologies, Inc. has a 52 week low of $50.72 and a 52 week high of $87.00. The company has a market capitalization of $150.33 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $10.99 billion. During the same quarter in the previous year, the firm posted $0.10 earnings per share. The company’s revenue was up 20.4% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current year.

Insider Activity

In other news, insider Jill Hazelbaker sold 40,000 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was 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 owns 127,352 shares of the company’s stock, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.80% of the company’s stock.

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.