Princeton Capital Management LLC Purchases 639 Shares of Uber Technologies, Inc. $UBER

Princeton Capital Management LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 3.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,576 shares of the ride-sharing company’s stock after buying an additional 639 shares during the period. Uber Technologies makes up 0.6% of Princeton Capital Management LLC’s holdings, making the stock its 29th biggest holding. Princeton Capital Management LLC’s holdings in Uber Technologies were worth $1,920,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Nova Wealth Management Inc. boosted its position in shares of Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Atticus Wealth Management LLC lifted its stake in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 127 shares during the period. Forum Financial Management LP boosted its holdings in shares of Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock worth $798,000 after buying an additional 136 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Uber Technologies by 18.6% during the 2nd quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock valued at $82,000 after acquiring an additional 137 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its holdings in Uber Technologies by 42.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock worth $34,000 after purchasing an additional 138 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on UBER. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Wednesday. Mizuho assumed coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. Benchmark reiterated a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Susquehanna restated a “positive” rating and set a $110.00 price objective on shares of Uber Technologies in a report on Wednesday. Finally, Truist Financial upped their target price on Uber Technologies from $96.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Trading Down 0.5%

Shares of Uber Technologies stock opened at $92.33 on Friday. The company has a market capitalization of $192.55 billion, a P/E ratio of 11.87 and a beta of 1.46. The stock has a fifty day simple moving average of $95.50 and a 200 day simple moving average of $90.95. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a current ratio of 1.15, a quick ratio of 1.11 and a debt-to-equity ratio of 0.37.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the previous year, the firm earned $1.20 EPS. The business’s revenue for the quarter was up 20.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share 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.