Portside Wealth Group LLC Has $612,000 Stake in Uber Technologies, Inc. $UBER

Portside Wealth Group LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 78.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,561 shares of the ride-sharing company’s stock after purchasing an additional 2,887 shares during the period. Portside Wealth Group LLC’s holdings in Uber Technologies were worth $612,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. West Oak Capital LLC bought a new position in Uber Technologies during the 2nd quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies in the second quarter valued at about $30,000. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the first quarter valued at about $27,000. Truvestments Capital LLC increased its position in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the period. Finally, REAP Financial Group LLC raised its stake in Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UBER has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday. Mizuho assumed coverage on Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $110.00 target price on Uber Technologies in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Stock Down 1.3%

NYSE UBER opened at $90.92 on Wednesday. The business has a fifty day moving average price of $95.37 and a two-hundred day moving average price of $91.94. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.15. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The stock has a market capitalization of $188.92 billion, a PE ratio of 11.69 and a beta of 1.46.

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

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s 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. This trade represents a 21.29% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer directly owned 1,132,544 shares in the company, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 602,000 shares of company stock worth $58,695,660. Insiders own 3.70% of the company’s stock.

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.