SLT Holdings LLC Makes New $302,000 Investment in Uber Technologies, Inc. $UBER

SLT Holdings LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,235 shares of the ride-sharing company’s stock, valued at approximately $302,000.

Several other institutional investors have also modified their holdings of UBER. Brighton Jones LLC boosted its stake in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares in the last quarter. Bison Wealth LLC raised its holdings in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after acquiring an additional 641 shares during the last quarter. GAMMA Investing LLC raised its holdings in Uber Technologies by 319.6% in the 1st quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock valued at $1,658,000 after acquiring an additional 17,330 shares during the last quarter. Finally, Integrated Advisors Network LLC raised its holdings in Uber Technologies by 6.3% in the 1st quarter. Integrated Advisors Network LLC now owns 12,905 shares of the ride-sharing company’s stock valued at $940,000 after acquiring an additional 770 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 100,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock valued at $58,659,491 in the last quarter. Corporate insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Cowen reissued a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Wells Fargo & Company decreased their target price on Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. BMO Capital Markets upped their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. increased their price target on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Uber Technologies in a report on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.03.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $93.52 on Friday. The firm has a market cap of $195.03 billion, a P/E ratio of 15.93 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average price of $94.86 and a two-hundred day moving average price of $87.81. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company’s revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. Research analysts forecast that Uber Technologies, Inc. will post 2.54 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.