Baltimore Washington Financial Advisors Inc. Acquires 15,517 Shares of Uber Technologies, Inc. (NYSE:UBER)

Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 329,573 shares of the ride-sharing company’s stock after buying an additional 15,517 shares during the quarter. Uber Technologies accounts for approximately 1.3% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 24th biggest holding. Baltimore Washington Financial Advisors Inc.’s holdings in Uber Technologies were worth $24,771,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. GHP Investment Advisors Inc. lifted its holdings in shares of Uber Technologies by 222.7% in the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares in the last quarter. WR Wealth Planners LLC lifted its holdings in shares of Uber Technologies by 563.9% in the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares in the last quarter. MCF Advisors LLC lifted its holdings in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. Founders Capital Management purchased a new stake in Uber Technologies during the second quarter valued at $33,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in Uber Technologies during the second quarter valued at $36,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction 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 transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The trade was a 23.90 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 2.7 %

Shares of UBER stock opened at $71.51 on Friday. The stock’s fifty day moving average is $75.47 and its two-hundred day moving average is $71.09. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.41 and a current ratio of 1.41. The firm has a market capitalization of $150.58 billion, a P/E ratio of 35.58, a PEG ratio of 0.90 and a beta of 1.34. Uber Technologies, Inc. has a fifty-two week low of $54.84 and a fifty-two week high of $87.00.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Thursday, October 31st. The ride-sharing company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.79. The company had revenue of $11.19 billion for the quarter, compared to analyst estimates of $10.99 billion. Uber Technologies had a return on equity of 33.46% and a net margin of 10.49%. The firm’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.10 EPS. Research analysts expect that Uber Technologies, Inc. will post 1.83 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. DA Davidson boosted their price objective on shares of Uber Technologies from $82.00 to $84.00 and gave the company a “buy” rating in a research report on Wednesday, November 6th. Truist Financial cut their price target on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday, November 1st. BMO Capital Markets restated an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Friday, October 11th. Jefferies Financial Group upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Tuesday, October 22nd. Finally, KeyCorp cut their price target on shares of Uber Technologies from $90.00 to $85.00 and set an “overweight” rating on the stock in a report on Friday, November 1st. 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 company. According to MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $90.32.

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.