Uber Technologies, Inc. $UBER Stock Position Lifted by Mirador Capital Partners LP

Mirador Capital Partners LP grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 131,550 shares of the ride-sharing company’s stock after purchasing an additional 8,108 shares during the period. Uber Technologies makes up approximately 1.8% of Mirador Capital Partners LP’s investment portfolio, making the stock its 15th largest holding. Mirador Capital Partners LP’s holdings in Uber Technologies were worth $12,888,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UBER. Kilter Group LLC bought a new position in Uber Technologies during the 2nd quarter valued at $26,000. West Oak Capital LLC acquired a new stake in Uber Technologies during the second quarter valued at approximately $28,000. Truvestments Capital LLC boosted its holdings in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies in the 2nd quarter worth $30,000. Finally, Ransom Advisory Ltd purchased a new position in Uber Technologies in the 1st quarter worth about $31,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBER shares. Stifel Nicolaus set a $122.00 target price on shares of Uber Technologies in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research report on Monday. Guggenheim cut their target price on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research note on Wednesday, November 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Wednesday, November 5th. Finally, Sanford C. Bernstein upped their price target on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $108.60.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 264,875 shares of company stock valued at $26,501,255. Insiders own 3.70% of the company’s stock.

Uber Technologies Stock Down 1.2%

UBER opened at $80.89 on Wednesday. The company has a market capitalization of $168.07 billion, a PE ratio of 10.40 and a beta of 1.19. The business has a 50-day moving average of $91.07 and a 200-day moving average of $91.76. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The business had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. Uber Technologies’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.20 EPS. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies 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.