WIM INVESTMENT MANAGEMENT Ltd Takes Position in Uber Technologies, Inc. (NYSE:UBER)

WIM INVESTMENT MANAGEMENT Ltd acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, HoldingsChannel.com reports. The fund acquired 206,088 shares of the ride-sharing company’s stock, valued at approximately $15,490,000. Uber Technologies makes up about 6.5% of WIM INVESTMENT MANAGEMENT Ltd’s portfolio, making the stock its 6th largest position.

A number of other hedge funds also recently made changes to their positions in the business. Tower Bridge Advisors acquired a new stake in shares of Uber Technologies in the third quarter valued at approximately $338,000. Accent Capital Management LLC acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $509,000. Atlanta Consulting Group Advisors LLC acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $253,000. Schneider Downs Wealth Management Advisors LP acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $487,000. Finally, Turtle Creek Wealth Advisors LLC acquired a new stake in Uber Technologies during the 3rd quarter worth approximately $215,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Evercore ISI lifted their price target on Uber Technologies from $90.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, October 31st. Oppenheimer lifted their price target on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Loop Capital lifted their price target on Uber Technologies from $84.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, November 6th. Daiwa America cut Uber Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Finally, Morgan Stanley raised their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. Six investment analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated 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 approximately $9,169,344. The trade was a 23.90 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 2.5 %

NYSE UBER opened at $73.25 on Friday. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.70. Uber Technologies, Inc. has a twelve month low of $53.15 and a twelve month high of $87.00. The company has a market cap of $154.24 billion, a price-to-earnings ratio of 36.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. The business’s fifty day moving average is $75.48 and its 200 day moving average is $71.05.

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

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.