Invst LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 45.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,911 shares of the ride-sharing company’s stock after purchasing an additional 1,227 shares during the quarter. Invst LLC’s holdings in Uber Technologies were worth $278,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. grew its holdings in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after acquiring an additional 245 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the last quarter. WR Wealth Planners LLC grew its holdings in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Uber Technologies in the 1st quarter worth $32,000. Finally, MCF Advisors LLC grew its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.
Uber Technologies Trading Down 0.8 %
Uber Technologies stock opened at $75.16 on Tuesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The business’s 50-day simple moving average is $70.26 and its 200-day simple moving average is $70.59. The firm has a market capitalization of $157.91 billion, a PE ratio of 121.23, a PEG ratio of 1.32 and a beta of 1.33. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14.
Analyst Upgrades and Downgrades
A number of equities analysts recently issued reports on the company. DA Davidson lifted their target price on Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Melius Research assumed coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. JMP Securities raised their target price on Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Finally, Citigroup raised their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $87.81.
Check Out Our Latest Stock Report on UBER
Insider Activity at Uber Technologies
In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares in the company, valued at $9,169,344. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.
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.
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