Wellington Shields Capital Management LLC Grows Stake in Uber Technologies, Inc. (NYSE:UBER)

Wellington Shields Capital Management LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 153.4% in the third quarter, Holdings Channel reports. The firm owned 22,759 shares of the ride-sharing company’s stock after purchasing an additional 13,777 shares during the period. Wellington Shields Capital Management LLC’s holdings in Uber Technologies were worth $1,020,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBER. IMA Wealth Inc. purchased a new position in Uber Technologies in the second quarter worth $25,000. Eubel Brady & Suttman Asset Management Inc. purchased a new position in Uber Technologies in the second quarter worth $28,000. CenterStar Asset Management LLC purchased a new position in Uber Technologies in the third quarter worth $33,000. Spectrum Management Group LLC purchased a new position in Uber Technologies in the third quarter worth $38,000. Finally, Herold Advisors Inc. purchased a new position in Uber Technologies in the third quarter worth $47,000. Hedge funds and other institutional investors own 71.37% of the company’s stock.

Shares of NYSE:UBER traded down $1.38 on Friday, reaching $41.49. The company’s stock had a trading volume of 323,803 shares, compared to its average volume of 25,681,443. Uber Technologies, Inc. has a 52-week low of $34.88 and a 52-week high of $64.05. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.19 and a current ratio of 1.19. The company has a 50-day simple moving average of $41.62 and a 200 day simple moving average of $43.56. The company has a market cap of $80.50 billion, a P/E ratio of -32.98 and a beta of 1.31.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Thursday, November 4th. The ride-sharing company reported ($1.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.37) by ($0.91). Uber Technologies had a negative return on equity of 9.53% and a negative net margin of 15.87%. The firm had revenue of $4.80 billion for the quarter, compared to analysts’ expectations of $4.41 billion. During the same period in the prior year, the firm posted ($0.62) earnings per share. Uber Technologies’s revenue for the quarter was up 70.6% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post -1.06 EPS for the current fiscal year.

In related news, CEO Dara Khosrowshahi acquired 200,000 shares of the firm’s stock in a transaction that occurred on Monday, November 15th. The stock was bought at an average price of $44.92 per share, for a total transaction of $8,984,000.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 4.06% of the stock is currently owned by insiders.

Several equities analysts have recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Uber Technologies from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, November 5th. JPMorgan Chase & Co. lowered their price objective on shares of Uber Technologies from $72.00 to $68.00 and set an “overweight” rating for the company in a research note on Wednesday, December 15th. Mizuho reaffirmed a “buy” rating and set a $71.00 price objective on shares of Uber Technologies in a research note on Friday, November 5th. UBS Group started coverage on shares of Uber Technologies in a research note on Thursday, December 2nd. They issued a “buy” rating and a $80.00 price target for the company. Finally, Needham & Company LLC decreased their price target on shares of Uber Technologies from $77.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, January 7th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $70.13.

Uber Technologies Profile

Uber Technologies, Inc operates as a technology platform for people and things mobility. The firm offers multi-modal people transportation, restaurant food delivery, and connecting freight carriers and shippers. It operates through the following segments: Rides, Eats, Freight, Other Bets and ATG and Other Technology Programs.

Further Reading: Net Income

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

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