Rydar Equities Inc. Invests $1.16 Million in Uber Technologies, Inc. $UBER

Rydar Equities Inc. acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,438 shares of the ride-sharing company’s stock, valued at approximately $1,160,000.

A number of other hedge funds also recently bought and sold shares of the company. Kilter Group LLC bought a new position in Uber Technologies during the second quarter valued at approximately $26,000. West Oak Capital LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies during the 2nd quarter valued at $30,000. Total Investment Management Inc. purchased a new position in Uber Technologies in the 2nd quarter worth $32,000. Finally, Truvestments Capital LLC raised its position in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the period. Institutional investors own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research note on Tuesday, October 28th. BTIG Research restated a “buy” rating and set a $100.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Wall Street Zen raised Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Erste Group Bank downgraded Uber Technologies from a “buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Sanford C. Bernstein raised their target price on shares of Uber Technologies from $110.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $108.60.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of Uber Technologies stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 267,625 shares of company stock valued at $26,774,660 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER stock opened at $85.13 on Monday. The firm has a market capitalization of $176.88 billion, a price-to-earnings ratio of 10.94 and a beta of 1.19. The stock has a fifty day moving average of $91.78 and a 200 day moving average of $91.80. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

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

Uber Technologies Company 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.