DT Investment Partners LLC Purchases 145 Shares of Uber Technologies, Inc. (NYSE:UBER)

DT Investment Partners LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 21.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 821 shares of the ride-sharing company’s stock after purchasing an additional 145 shares during the quarter. DT Investment Partners LLC’s holdings in Uber Technologies were worth $62,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. GHP Investment Advisors Inc. lifted its position in Uber Technologies by 222.7% during the second 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 during the period. Financial Management Professionals Inc. boosted its position in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the period. WR Wealth Planners LLC grew its holdings in Uber Technologies by 563.9% during the 2nd 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 during the last quarter. J.Safra Asset Management Corp acquired a new position in Uber Technologies in the 1st quarter valued at approximately $32,000. Finally, MCF Advisors LLC raised its stake in shares of 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 acquiring an additional 405 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBER. Roth Mkm increased their price objective on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Wolfe Research began coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. Benchmark began coverage on shares of Uber Technologies in a report on Friday. They set a “hold” rating for the company. Oppenheimer upped their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, September 27th. Finally, Daiwa Capital Markets cut shares of Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price target on the stock. in a research report on Thursday, October 17th. Seven analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $88.86.

Uber Technologies Stock Performance

NYSE:UBER opened at $77.61 on Friday. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $87.00. The business’s fifty day moving average is $75.09 and its 200 day moving average is $70.83. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $162.17 billion, a price-to-earnings ratio of 125.18, a PEG ratio of 1.40 and a beta of 1.33.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 3.84% of the company’s stock.

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.