Tandem Capital Management Corp ADV Has $2.60 Million Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Tandem Capital Management Corp ADV increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,609 shares of the ride-sharing company’s stock after purchasing an additional 3,904 shares during the period. Uber Technologies makes up about 1.3% of Tandem Capital Management Corp ADV’s holdings, making the stock its 25th biggest position. Tandem Capital Management Corp ADV’s holdings in Uber Technologies were worth $2,601,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Diversify Wealth Management LLC grew its stake in Uber Technologies by 10.8% during the third quarter. Diversify Wealth Management LLC now owns 43,212 shares of the ride-sharing company’s stock worth $3,450,000 after purchasing an additional 4,218 shares during the period. First Trust Direct Indexing L.P. grew its stake in Uber Technologies by 13.7% in the third quarter. First Trust Direct Indexing L.P. now owns 54,629 shares of the ride-sharing company’s stock valued at $4,106,000 after acquiring an additional 6,594 shares during the period. Trajan Wealth LLC grew its stake in Uber Technologies by 3.9% in the third quarter. Trajan Wealth LLC now owns 185,839 shares of the ride-sharing company’s stock valued at $13,968,000 after acquiring an additional 6,962 shares during the period. Childress Capital Advisors LLC grew its stake in Uber Technologies by 12.9% in the third quarter. Childress Capital Advisors LLC now owns 4,606 shares of the ride-sharing company’s stock valued at $346,000 after acquiring an additional 527 shares during the period. Finally, Deltec Asset Management LLC grew its stake in Uber Technologies by 3.3% in the third quarter. Deltec Asset Management LLC now owns 370,222 shares of the ride-sharing company’s stock valued at $27,826,000 after acquiring an additional 11,875 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. The Goldman Sachs Group raised their price objective on Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Daiwa Capital Markets cut Uber Technologies from an “outperform” rating to a “neutral” rating and set a $84.00 price objective for the company. in a research note on Thursday, October 17th. JMP Securities raised their price objective on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 7th. DA Davidson reaffirmed a “buy” rating and set a $82.00 target price on shares of Uber Technologies in a research report on Thursday, October 17th. Finally, Roth Mkm lifted their target price on Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $88.86.

Uber Technologies Stock Performance

Shares of UBER opened at $79.44 on Thursday. The stock’s 50-day simple moving average is $75.40 and its 200 day simple moving average is $70.87. The stock has a market capitalization of $166.90 billion, a price-to-earnings ratio of 87.30, a price-to-earnings-growth ratio of 1.33 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. Uber Technologies, Inc. has a 52-week low of $42.20 and a 52-week high of $87.00.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. Research analysts forecast that Uber Technologies, Inc. will post 1.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares of the company’s stock, valued at approximately $9,169,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 3.80% of the stock is currently owned by insiders.

About Uber Technologies

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.