Beese Fulmer Investment Management Inc. Invests $204,000 in Uber Technologies, Inc. (NYSE:UBER)

Beese Fulmer Investment Management Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,715 shares of the ride-sharing company’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Procyon Advisors LLC boosted its holdings in Uber Technologies by 2.1% in the 3rd quarter. Procyon Advisors LLC now owns 6,326 shares of the ride-sharing company’s stock valued at $476,000 after purchasing an additional 131 shares during the period. Wealthspire Advisors LLC raised its position in shares of Uber Technologies by 0.6% in the second quarter. Wealthspire Advisors LLC now owns 24,893 shares of the ride-sharing company’s stock valued at $1,809,000 after buying an additional 151 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in shares of Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock valued at $376,000 after buying an additional 157 shares during the period. Wellington Shields Capital Management LLC grew its position in Uber Technologies by 6.1% during the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after buying an additional 159 shares in the last quarter. Finally, Industrial Alliance Investment Management Inc. increased its stake in Uber Technologies by 3.2% during the 1st quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after acquiring an additional 160 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 40,000 shares of Uber Technologies 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 completion of the sale, the insider now 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 legal filing with the SEC, which is available through this link. Insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on UBER. Melius began coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price for the company. Evercore ISI upped their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Bank of America raised their target price on shares of Uber Technologies from $88.00 to $96.00 and gave the company a “buy” rating in a report on Wednesday. Raymond James began coverage on shares of Uber Technologies in a report on Tuesday, September 24th. They set a “strong-buy” rating and a $90.00 price target for the company. Finally, Roth Mkm increased their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $88.86.

Uber Technologies Price Performance

UBER stock opened at $78.39 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a market cap of $164.69 billion, a price-to-earnings ratio of 86.14, a PEG ratio of 1.40 and a beta of 1.33. The company’s fifty day simple moving average is $74.98 and its 200 day simple moving average is $70.81. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $87.00.

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