Miller Financial Services LLC Has $1.36 Million Stock Holdings in Uber Technologies, Inc. $UBER

Miller Financial Services LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.8% during the 2nd quarter, Holdings Channel reports. The firm owned 14,568 shares of the ride-sharing company’s stock after purchasing an additional 663 shares during the quarter. Uber Technologies comprises 1.7% of Miller Financial Services LLC’s holdings, making the stock its 16th largest position. Miller Financial Services LLC’s holdings in Uber Technologies were worth $1,359,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $28,000. Truvestments Capital LLC raised its position in shares of 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 purchasing an additional 339 shares during the period. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies in the 1st quarter valued at about $31,000. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on UBER shares. Truist Financial raised their price objective on Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 5th. Wedbush cut their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Sanford C. Bernstein raised their target price on Uber Technologies from $110.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, November 5th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, Mizuho initiated coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $108.26.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $89.28 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current 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 cap of $185.50 billion, a PE ratio of 11.48 and a beta of 1.46. The stock has a fifty day moving average of $95.27 and a 200-day moving average of $91.92.

Uber Technologies (NYSE:UBER) last issued its earnings results 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. The business had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm’s revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the company’s stock in a transaction 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 transaction, the chief financial officer owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 602,000 shares of company stock worth $58,695,660 in the last three months. Insiders own 3.84% 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.