Uber Technologies, Inc. $UBER Shares Purchased by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 3,514.2% during the third quarter, Holdings Channel.com reports. The institutional investor owned 33,034 shares of the ride-sharing company’s stock after buying an additional 32,120 shares during the period. Provenance Wealth Advisors LLC’s holdings in Uber Technologies were worth $2,263,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Dunhill Financial LLC acquired a new position in shares of Uber Technologies in the second quarter worth $28,000. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Uber Technologies during the second quarter valued at $29,000. William Mack & Associates Inc. acquired a new stake in shares of Uber Technologies during the third quarter valued at $28,000. Elevation Wealth Partners LLC boosted its stake in shares of Uber Technologies by 209.8% during the second quarter. Elevation Wealth Partners LLC now owns 409 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 277 shares during the last quarter. Finally, Balance Wealth Partners LLC purchased a new stake in Uber Technologies during the 3rd quarter worth about $29,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 28,170 shares of the firm’s stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $71.31, for a total value of $2,008,802.70. Following the sale, the insider directly owned 149,525 shares of the company’s stock, valued at approximately $10,662,627.75. This trade represents a 15.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi purchased 141,000 shares of the stock in a transaction on Thursday, September 10th. The stock was acquired at an average price of $70.96 per share, with a total value of $10,005,360.00. Following the acquisition, the chief executive officer directly owned 1,367,100 shares in the company, valued at $97,009,416. This trade represents a 11.50% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 3.81% of the stock is currently owned by company insiders.

More Uber Technologies News

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

• Positive Sentiment: UBS maintained its Buy rating and set a $106 price target, implying significant upside from the recent share price. The firm did trim its target from $110, tempering the bullish signal. UBS Adjusts Price Target on Uber Technologies to $106 From $110, Keeps Buy Rating
• Positive Sentiment: Uber has applied for a Hong Kong ride-hailing license, a move toward formal regulatory approval that could support more structured operations and cooperation with local taxi operators. What Does Uber Winning A Hong Kong Ride Hailing License Mean?
• Neutral Sentiment: Uber reports Q3 results before Wednesday’s market open. Investors will scrutinize gross bookings, user growth and the outlook, particularly as spending on autonomous-vehicle initiatives increases. Options markets are pricing in a potentially sizable post-earnings move, signaling elevated uncertainty. Uber Q3 earnings preview
• Negative Sentiment: President Jill Hazelbaker is leaving Uber to become OpenAI’s chief corporate affairs officer. Her departure removes a longtime communications and policy executive ahead of a closely watched earnings report. Uber president Jill Hazelbaker joins OpenAI as communications chief

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on UBER. Jefferies Financial Group boosted their target price on shares of Uber Technologies from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Evercore reaffirmed an “outperform” rating and set a $150.00 price target on shares of Uber Technologies in a research note on Wednesday, August 5th. Scotiabank initiated coverage on shares of Uber Technologies in a report on Wednesday, September 9th. They set a “sector outperform” rating and a $100.00 price target for the company. Barclays lowered their price target on shares of Uber Technologies from $107.00 to $106.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Finally, Arete Research lowered shares of Uber Technologies from a “buy” rating to a “neutral” rating and set a $74.00 price objective for the company. in a research report on Thursday, September 10th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $102.86.

Uber Technologies Price Performance

UBER stock opened at $66.58 on Wednesday. The stock has a market capitalization of $136.00 billion, a price-to-earnings ratio of 14.63, a price-to-earnings-growth ratio of 6.38 and a beta of 1.33. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.38. Uber Technologies, Inc. has a 52-week low of $64.04 and a 52-week high of $95.44. The stock’s fifty day simple moving average is $70.71 and its 200-day simple moving average is $73.25.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 5th. The ride-sharing company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.80 by $0.01. The firm had revenue of $14.19 billion during the quarter, compared to analyst estimates of $14.24 billion. Uber Technologies had a return on equity of 43.36% and a net margin of 17.34%. The business’s quarterly revenue was up 12.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Equities research analysts expect that Uber Technologies, Inc. will post 3.20 EPS for the current year.

Uber Technologies Company Profile

Uber Technologies, Inc is a technology company that connects consumers with independent drivers, couriers, merchants and transportation providers through its digital platform. Its Mobility business offers ridesharing and other transportation services, including taxi and vehicle-hire options in select markets. The company also provides business travel and transportation management tools for organizations.

Uber’s Delivery segment operates Uber Eats, which enables customers to order meals, groceries and other goods from participating restaurants, retailers and merchants.