Lake Street Financial LLC Has $3.76 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

by · The Cerbat Gem

Lake Street Financial LLC grew its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 6.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,400 shares of the ride-sharing company’s stock after buying an additional 4,819 shares during the quarter. Lake Street Financial LLC’s holdings in Uber Technologies were worth $3,756,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of Uber Technologies by 84,122.1% in the second quarter. Bank Julius Baer & Co. Ltd Zurich now owns 123,555,492 shares of the ride-sharing company’s stock worth $5,333,891,000 after purchasing an additional 123,408,790 shares in the last quarter. Vanguard Group Inc. raised its position in Uber Technologies by 1.5% during the first quarter. Vanguard Group Inc. now owns 89,767,050 shares of the ride-sharing company’s stock valued at $3,202,889,000 after acquiring an additional 1,368,569 shares in the last quarter. Capital World Investors raised its position in Uber Technologies by 0.5% during the second quarter. Capital World Investors now owns 44,391,153 shares of the ride-sharing company’s stock valued at $1,916,366,000 after acquiring an additional 200,322 shares in the last quarter. Altimeter Capital Management LP raised its position in Uber Technologies by 167.5% during the first quarter. Altimeter Capital Management LP now owns 30,760,000 shares of the ride-sharing company’s stock valued at $1,193,422,000 after acquiring an additional 19,260,000 shares in the last quarter. Finally, Norges Bank bought a new position in Uber Technologies during the fourth quarter valued at approximately $580,568,000. 74.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In related news, insider Jill Hazelbaker sold 18,850 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $53.01, for a total value of $999,238.50. Following the completion of the transaction, the insider now directly owns 109,009 shares in the company, valued at approximately $5,778,567.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Dara Khosrowshahi sold 50,016 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $50.00, for a total value of $2,500,800.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,227 shares in the company, valued at approximately $63,311,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jill Hazelbaker sold 18,850 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $53.01, for a total value of $999,238.50. Following the transaction, the insider now directly owns 109,009 shares of the company’s stock, valued at approximately $5,778,567.09. The disclosure for this sale can be found here. In the last ninety days, insiders sold 187,616 shares of company stock worth $9,747,789. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 2.5 %

Shares of Uber Technologies stock traded down $1.57 during trading on Friday, hitting $61.57. 21,615,424 shares of the company were exchanged, compared to its average volume of 46,380,196. The firm has a market capitalization of $126.70 billion, a P/E ratio of 125.65 and a beta of 1.32. Uber Technologies, Inc. has a 1-year low of $24.24 and a 1-year high of $63.53. The firm’s fifty day moving average price is $54.83 and its 200 day moving average price is $48.50. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.14 and a quick ratio of 1.14.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its earnings results on Tuesday, November 7th. The ride-sharing company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The company had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.47 billion. Uber Technologies had a return on equity of 11.74% and a net margin of 2.93%. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 0.37 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UBER shares. Roth Mkm raised their price objective on shares of Uber Technologies from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, November 8th. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $56.00 to $62.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Truist Financial dropped their price target on shares of Uber Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Needham & Company LLC reissued a “buy” rating and issued a $63.00 price target on shares of Uber Technologies in a research report on Thursday, November 30th. Finally, Wells Fargo & Company lifted their price target on shares of Uber Technologies from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. One research analyst has rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $57.48.

Check Out Our Latest Stock Report on UBER

Uber Technologies Profile

(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.

Further Reading

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