99,263 Shares in Uber Technologies, Inc. $UBER Bought by Maple Capital Management Inc.

Maple Capital Management Inc. purchased a new position in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 99,263 shares of the ride-sharing company’s stock, valued at approximately $9,261,000.

Other hedge funds have also made changes to their positions in the company. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the 2nd quarter worth $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the second quarter valued at about $30,000. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the first quarter valued at about $27,000. Truvestments Capital LLC increased its stake in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the period. Finally, REAP Financial Group LLC lifted its position in shares of 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 purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $93.59 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. The business’s fifty day moving average price is $95.48 and its two-hundred day moving average price is $91.55. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The stock has a market capitalization of $194.47 billion, a price-to-earnings ratio of 12.03 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last issued 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 net margin of 33.54% and a return on equity of 68.17%. The company had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the previous year, the company earned $1.20 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on UBER shares. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Mizuho started coverage on shares of Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price for the company. Finally, UBS Group set a $122.00 price target on Uber Technologies and gave the company a “buy” rating in a research note on Wednesday, November 5th. Two research 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 company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $108.26.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 604,946 shares of company stock valued at $58,950,116. Corporate insiders own 3.70% of the company’s stock.

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.