SFE Investment Counsel Purchases 10,413 Shares of Uber Technologies, Inc. $UBER

SFE Investment Counsel boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 98.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,949 shares of the ride-sharing company’s stock after purchasing an additional 10,413 shares during the quarter. SFE Investment Counsel’s holdings in Uber Technologies were worth $1,955,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. West Oak Capital LLC acquired a new stake in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the second quarter valued at approximately $30,000. Vision Financial Markets LLC bought a new position in Uber Technologies in the first quarter valued at approximately $27,000. Truvestments Capital LLC boosted its stake in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC grew its holdings in Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after acquiring an additional 250 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of UBER opened at $92.03 on Friday. The stock has a 50 day simple moving average of $95.46 and a 200 day simple moving average of $91.20. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.11 and a current ratio of 1.15. The firm has a market capitalization of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The business’s revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.20 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on UBER. BTIG Research reissued a “buy” rating and issued a $100.00 price target on shares of Uber Technologies in a research note on Tuesday, November 4th. DA Davidson upped their price objective on Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a report on Wednesday. Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a report on Wednesday. Raymond James Financial boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Finally, Wedbush lowered their price target on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $108.26.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $93.00, for a total value of $290,625.00. Following the sale, the insider owned 172,846 shares of the company’s stock, valued at $16,074,678. This trade represents a 1.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 over the last quarter. 3.84% of the stock is currently owned by corporate insiders.

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.