5,250 Shares in Uber Technologies, Inc. (NYSE:UBER) Purchased by Capital Investment Counsel Inc

Posted by MarketBeat News on Oct 13th, 2023

Capital Investment Counsel Inc purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,250 shares of the ride-sharing company’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new stake in Uber Technologies during the 1st quarter worth about $26,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in Uber Technologies by 89.3% during the 1st quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Raleigh Capital Management Inc. increased its stake in shares of Uber Technologies by 66.5% in the 2nd quarter. Raleigh Capital Management Inc. now owns 651 shares of the ride-sharing company’s stock valued at $28,000 after acquiring an additional 260 shares during the last quarter. SOA Wealth Advisors LLC. increased its stake in shares of Uber Technologies by 133.8% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 699 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 400 shares during the last quarter. Finally, MCF Advisors LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 74.07% of the company’s stock.

Uber Technologies Trading Up 0.4 %

NYSE UBER opened at $46.13 on Friday. The company has a market cap of $94.27 billion, a PE ratio of -208.85 and a beta of 1.22. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.98. Uber Technologies, Inc. has a 12 month low of $23.90 and a 12 month high of $49.49. The stock has a 50 day moving average of $45.64 and a 200-day moving average of $41.32.

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Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.19. Uber Technologies had a negative return on equity of 4.57% and a negative net margin of 1.07%. The business had revenue of $9.23 billion during the quarter, compared to the consensus estimate of $9.34 billion. During the same quarter last year, the firm posted ($1.33) EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UBER. Loop Capital upped their price target on Uber Technologies from $48.00 to $58.00 and gave the company a “buy” rating in a research note on Monday, August 14th. Roth Mkm upped their price target on Uber Technologies from $46.00 to $59.00 and gave the company a “buy” rating in a research note on Tuesday, July 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $58.00 price target on shares of Uber Technologies in a research note on Tuesday, September 5th. JPMorgan Chase & Co. upped their price target on Uber Technologies from $55.00 to $56.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Finally, Morgan Stanley upped their price target on Uber Technologies from $57.00 to $60.00 and gave the company an “overweight” rating in a research note on Wednesday, August 2nd. Thirty-one analysts have rated the stock with a buy rating, According to MarketBeat, Uber Technologies has a consensus rating of “Buy” and a consensus price target of $56.00.

View Our Latest Analysis on UBER

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 100,000 shares of the firm’s stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $47.51, for a total transaction of $4,751,000.00. Following the completion of the sale, the chief executive officer now owns 1,316,243 shares of the company’s stock, valued at approximately $62,534,704.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

About Uber Technologies

(Free Report)

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.

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