Empirical Finance LLC Has $688,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Empirical Finance LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 102.7% during the third quarter, Holdings Channel reports. The fund owned 9,160 shares of the ride-sharing company’s stock after acquiring an additional 4,640 shares during the quarter. Empirical Finance LLC’s holdings in Uber Technologies were worth $688,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in UBER. GHP Investment Advisors Inc. grew its position in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares in the last quarter. WR Wealth Planners LLC grew its holdings in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 344 shares in the last quarter. MCF Advisors LLC raised its position in Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 405 shares during the period. Founders Capital Management purchased a new stake in Uber Technologies in the 2nd quarter worth about $33,000. Finally, Financial Management Professionals Inc. boosted its position in Uber Technologies by 104.1% during the 3rd quarter. Financial Management Professionals Inc. now owns 494 shares of the ride-sharing company’s stock worth $37,000 after acquiring an additional 252 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Up 2.5 %

Uber Technologies stock opened at $73.25 on Friday. Uber Technologies, Inc. has a 12 month low of $53.15 and a 12 month high of $87.00. The stock 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 has a 50 day moving average price of $75.48 and a two-hundred day moving average price of $71.05. 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 (NYSE:UBER) last issued 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 during the quarter, compared to analysts’ expectations of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. Uber Technologies’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period last year, the business earned $0.10 earnings per share. As a group, equities analysts forecast that Uber Technologies, Inc. will post 1.83 EPS for the current year.

Analyst Ratings Changes

UBER has been the topic of several research reports. Royal Bank of Canada upped their price objective on shares of Uber Technologies from $80.00 to $82.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Melius Research initiated coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. DA Davidson boosted their target price on Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday, November 6th. Bank of America raised their price target on Uber Technologies from $88.00 to $96.00 and gave the stock a “buy” rating in a research note on Wednesday, October 23rd. Finally, The Goldman Sachs Group boosted their price target on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Six analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $90.32.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction that occurred on 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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.