26,429 Shares in Uber Technologies, Inc. $UBER Bought by Hutchinson Financial Advisors INC

Hutchinson Financial Advisors INC bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 26,429 shares of the ride-sharing company’s stock, valued at approximately $2,466,000. Uber Technologies makes up approximately 1.0% of Hutchinson Financial Advisors INC’s portfolio, making the stock its 11th biggest holding.

Several other hedge funds have also added to or reduced their stakes in UBER. Brighton Jones LLC boosted its holdings in Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Uber Technologies by 15.0% during the first quarter. Mather Group LLC. now owns 6,909 shares of the ride-sharing company’s stock valued at $503,000 after purchasing an additional 899 shares in the last quarter. Finally, Keybank National Association OH lifted its holdings in shares of Uber Technologies by 4.8% during the first quarter. Keybank National Association OH now owns 36,161 shares of the ride-sharing company’s stock valued at $2,635,000 after purchasing an additional 1,657 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays reaffirmed an “overweight” rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. BMO Capital Markets upped their price target on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Bank of America increased their target price on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday, October 14th. Finally, Royal Bank Of Canada increased their target price on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $106.82.

Uber Technologies Stock Performance

NYSE:UBER opened at $96.71 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The stock has a 50-day moving average price of $95.56 and a 200 day moving average price of $90.38. The stock has a market capitalization of $201.68 billion, a P/E ratio of 16.48 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter last year, the business posted $0.47 earnings per share. The firm’s revenue was up 18.2% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 604,946 shares of company stock valued at $58,950,116 in the last three months. 3.84% of the stock is currently owned by 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.