RFG Holdings Inc. Takes Position in Uber Technologies, Inc. $UBER

RFG Holdings Inc. acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 15,621 shares of the ride-sharing company’s stock, valued at approximately $1,530,000.

Other institutional investors have also bought and sold shares of the company. Kilter Group LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $26,000. West Oak Capital LLC acquired a new stake in Uber Technologies in the second quarter worth about $28,000. Truvestments Capital LLC raised its position in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the 2nd quarter worth $30,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Uber Technologies in the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Stock Up 0.2%

UBER stock opened at $81.14 on Thursday. Uber Technologies, Inc. has a 1-year low of $60.02 and a 1-year high of $101.99. The business’s 50 day simple moving average is $89.27 and its 200 day simple moving average is $91.55. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $168.60 billion, a PE ratio of 10.43 and a beta of 1.19.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on UBER shares. UBS Group set a $122.00 price objective on Uber Technologies and gave the stock a “buy” rating in a report on Wednesday, November 5th. Wells Fargo & Company cut their price objective on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Truist Financial lifted their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Needham & Company LLC reissued a “buy” rating and set a $109.00 price target on shares of Uber Technologies in a research report on Tuesday, November 4th. Finally, DA Davidson upped their price objective on Uber Technologies from $102.00 to $108.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $108.43.

Get Our Latest Stock Report on UBER

Key Uber Technologies News

Here are the key news stories impacting Uber Technologies this week:

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the transaction, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at $1,919,355.30. This represents a 21.29% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $80.36, for a total transaction of $251,125.00. Following the sale, the insider owned 175,423 shares of the company’s stock, valued at $14,096,992.28. This trade represents a 1.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 14,875 shares of company stock worth $1,348,818. 3.84% of the stock is owned by company insiders.

About Uber Technologies

(Free Report)

Uber Technologies, Inc is a technology company that operates a global platform connecting riders, drivers, couriers, restaurants and shippers. Founded in 2009 by Garrett Camp and Travis Kalanick and headquartered in San Francisco, Uber developed one of the first large-scale ride-hailing marketplaces and has since expanded into a broader set of mobility and logistics services. The company completed its initial public offering in 2019 and continues to position its app-based network as a multi-modal transportation and delivery platform.

Uber’s principal businesses include mobility services (ride-hailing and shared rides), delivery through Uber Eats, and freight logistics via Uber Freight.

See Also

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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