Foundations Investment Advisors LLC Has $631,000 Stake in Uber Technologies, Inc. (NYSE:UBER)

Foundations Investment Advisors LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 34.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,392 shares of the ride-sharing company’s stock after buying an additional 2,130 shares during the period. Foundations Investment Advisors LLC’s holdings in Uber Technologies were worth $631,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Raleigh Capital Management Inc. increased its holdings in shares of Uber Technologies by 95.8% during the third quarter. Raleigh Capital Management Inc. now owns 3,133 shares of the ride-sharing company’s stock worth $235,000 after buying an additional 1,533 shares in the last quarter. Venture Visionary Partners LLC increased its holdings in shares of Uber Technologies by 18.7% during the third quarter. Venture Visionary Partners LLC now owns 68,974 shares of the ride-sharing company’s stock worth $5,184,000 after buying an additional 10,850 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of Uber Technologies by 25.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,161 shares of the ride-sharing company’s stock worth $238,000 after buying an additional 635 shares in the last quarter. Western Financial Corp CA increased its holdings in shares of Uber Technologies by 2.2% during the third quarter. Western Financial Corp CA now owns 25,408 shares of the ride-sharing company’s stock worth $1,910,000 after buying an additional 543 shares in the last quarter. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Uber Technologies during the third quarter worth approximately $58,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on UBER. TD Cowen raised their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Morgan Stanley raised their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Wells Fargo & Company reaffirmed an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a report on Friday, September 13th. UBS Group lifted their target price on shares of Uber Technologies from $102.00 to $114.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $90.00 target price on shares of Uber Technologies in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $88.86.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the business’s 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 transaction, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 1.8 %

Shares of UBER stock opened at $78.39 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 1 year low of $40.09 and a 1 year high of $87.00. The firm’s fifty day moving average price is $74.98 and its two-hundred day moving average price is $70.81. The firm has a market capitalization of $164.69 billion, a P/E ratio of 86.14, a PEG ratio of 1.40 and a beta of 1.33.

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, beating 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 firm had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the business earned $0.18 EPS. The company’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 1.08 EPS for the current fiscal year.

Uber Technologies Company 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.