Yorktown Management & Research Co Inc Makes New Investment in Uber Technologies, Inc. $UBER

Yorktown Management & Research Co Inc bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 4,000 shares of the ride-sharing company’s stock, valued at approximately $373,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBER. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter worth approximately $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the second quarter valued at about $28,000. Truvestments Capital LLC raised its holdings in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the period. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies during the second quarter valued at about $30,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Uber Technologies during the first quarter valued at about $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on UBER shares. KeyCorp upped their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday, October 14th. Stifel Nicolaus upped their price objective on shares of Uber Technologies from $116.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, October 24th. JPMorgan Chase & Co. upped their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Finally, Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Uber Technologies Stock Performance

Shares of UBER stock opened at $95.55 on Wednesday. The firm has a 50-day moving average of $95.48 and a 200-day moving average of $90.01. The company has a market cap of $199.27 billion, a P/E ratio of 16.28 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 604,946 shares of company stock valued at $58,950,116 in the last 90 days. 3.70% of the stock is currently owned by company insiders.

About Uber Technologies

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.