FORA Capital LLC Buys Shares of 29,008 Uber Technologies, Inc. $UBER

FORA Capital LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 29,008 shares of the ride-sharing company's stock, valued at approximately $2,706,000.

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Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kilter Group LLC bought a new stake in Uber Technologies in the second quarter worth $26,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies in the 2nd quarter worth about $28,000. Truvestments Capital LLC boosted its stake in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd purchased a new stake in Uber Technologies during the 1st quarter valued at about $31,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In related news, insider Tony West sold 100,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total transaction of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at $1,919,355.30. The trade was a 21.29% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 267,625 shares of company stock valued at $26,774,660. 3.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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Several research analysts have issued reports on the stock. TD Cowen upped their target price on shares of Uber Technologies from $108.00 to $114.00 and gave the stock a "buy" rating in a research note on Wednesday, November 5th. Citigroup restated a "market perform" rating on shares of Uber Technologies in a report on Wednesday. UBS Group set a $122.00 target price on Uber Technologies and gave the company a "buy" rating in a research note on Wednesday, November 5th. Cantor Fitzgerald boosted their price target on Uber Technologies from $107.00 to $108.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 5th. Finally, Royal Bank Of Canada set a $110.00 price target on Uber Technologies in a report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $108.60.

Check Out Our Latest Report on UBER

Uber Technologies Stock Performance

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UBER stock opened at $85.13 on Friday. 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 1 year low of $59.33 and a 1 year high of $101.99. The company has a market cap of $176.88 billion, a P/E ratio of 10.94 and a beta of 1.19. The stock's fifty day moving average price is $91.78 and its 200-day moving average price is $91.78.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion for 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%.Uber Technologies's revenue was up 20.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 earnings per share. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Uber Technologies Company 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.

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