Baxter Bros Inc. Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Baxter Bros Inc. bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,710 shares of the ride-sharing company’s stock, valued at approximately $354,000.

A number of other hedge funds have also added to or reduced their stakes in UBER. GHP Investment Advisors Inc. boosted its position in shares of 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 boosted its holdings in 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 acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new stake in Uber Technologies in the first quarter valued at approximately $32,000. MCF Advisors LLC lifted its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. Finally, Founders Capital Management acquired a new stake in Uber Technologies in the 2nd quarter valued at $33,000. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies stock in a transaction dated 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 owns 127,352 shares in the company, valued at $9,169,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on UBER shares. Truist Financial lowered their price objective on shares of Uber Technologies from $99.00 to $95.00 and set a “buy” rating on the stock in a report on Friday. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a research report on Friday. JMP Securities boosted their price target on shares of Uber Technologies from $80.00 to $95.00 and gave the stock a “market outperform” rating in a research note on Friday. Finally, TD Cowen boosted their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research note on Tuesday, July 23rd. Six research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $90.22.

Uber Technologies Price Performance

UBER stock opened at $73.25 on Friday. Uber Technologies, Inc. has a 12 month low of $45.25 and a 12 month high of $87.00. The company has a current ratio of 1.41, a quick ratio of 1.21 and a debt-to-equity ratio of 0.70. The company has a 50-day moving average price of $75.36 and a 200 day moving average price of $70.85. The stock has a market cap of $153.89 billion, a PE ratio of 36.44, a P/E/G ratio of 1.24 and a beta of 1.34.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, October 31st. The ride-sharing company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.79. Uber Technologies had a net margin of 10.49% and a return on equity of 33.46%. The firm had revenue of $11.19 billion during the quarter, compared to analysts’ expectations of $10.99 billion. During the same period in the previous year, the company earned $0.10 EPS. The firm’s revenue for the quarter was up 20.4% compared to the same quarter last year. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.1 earnings per share for the current year.

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.