Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Sapient Capital LLC

Sapient Capital LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 43.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,967 shares of the ride-sharing company’s stock after buying an additional 10,808 shares during the period. Sapient Capital LLC’s holdings in Uber Technologies were worth $2,703,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UBER. Procyon Advisors LLC boosted its stake in Uber Technologies by 2.1% during the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after acquiring an additional 131 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its stake in Uber Technologies by 8.5% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,466 shares of the ride-sharing company’s stock valued at $336,000 after buying an additional 350 shares in the last quarter. Capricorn Fund Managers Ltd bought a new position in Uber Technologies during the 3rd quarter worth approximately $1,398,000. Redhawk Wealth Advisors Inc. grew its position in shares of Uber Technologies by 7.2% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 13,200 shares of the ride-sharing company’s stock worth $992,000 after acquiring an additional 892 shares in the last quarter. Finally, CVA Family Office LLC increased its holdings in shares of Uber Technologies by 77.5% in the 3rd quarter. CVA Family Office LLC now owns 2,741 shares of the ride-sharing company’s stock valued at $206,000 after acquiring an additional 1,197 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Uber Technologies stock traded down $1.30 during trading hours on Monday, hitting $85.04. 3,467,578 shares of the stock were exchanged, compared to its average volume of 18,005,895. The stock has a market capitalization of $177.69 billion, a P/E ratio of 139.26, a P/E/G ratio of 1.35 and a beta of 1.33. The business’s 50-day moving average is $72.65 and its two-hundred day moving average is $70.45. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the prior year, the company earned $0.18 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. Equities research analysts expect that Uber Technologies, Inc. will post 1.08 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UBER shares. Piper Sandler raised their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Tuesday, June 25th. Roth Mkm raised their price target on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Morgan Stanley increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Needham & Company LLC reissued a “buy” rating and set a $90.00 price target on shares of Uber Technologies in a report on Wednesday, August 7th. Finally, Melius Research assumed coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target for the company. Four equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.11.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.84% of the company’s stock.

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.