Vise Technologies Inc. Acquires New Position in Uber Technologies, Inc. $UBER

Vise Technologies Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 112,034 shares of the ride-sharing company’s stock, valued at approximately $10,453,000.

Several other hedge funds have also modified their holdings of UBER. West Oak Capital LLC purchased a new stake in shares of Uber Technologies during the 2nd quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies in the second quarter valued at about $30,000. Vision Financial Markets LLC purchased a new stake in Uber Technologies during the first quarter worth about $27,000. Truvestments Capital LLC grew its position in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares during the period. Finally, REAP Financial Group LLC increased its holdings in Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after buying an additional 250 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on UBER. Stifel Nicolaus set a $122.00 target price on Uber Technologies in a report on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a report on Wednesday. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $108.00 price target on shares of Uber Technologies in a report on Wednesday, October 29th. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a research report on Wednesday. Finally, Needham & Company LLC restated a “buy” rating and set a $109.00 price objective on shares of Uber Technologies in a research report on Tuesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $108.26.

Uber Technologies Trading Down 0.1%

Shares of Uber Technologies stock opened at $92.03 on Monday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The business’s fifty day moving average is $95.46 and its two-hundred day moving average is $91.32. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a market cap of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46.

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

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is currently owned by 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.