Sovran Advisors LLC Acquires Shares of 2,128 Uber Technologies, Inc. $UBER

Sovran Advisors LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 2,128 shares of the ride-sharing company’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies in the 4th quarter valued at $27,000. Kozak & Associates Inc. raised its holdings in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the 1st quarter worth $27,000. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth $27,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 299 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 4.2%

UBER stock opened at $98.68 on Friday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $99.70. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average is $92.63 and its 200-day moving average is $85.38. The firm has a market capitalization of $205.79 billion, a PE ratio of 16.81, a P/E/G ratio of 1.13 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies’s revenue was up 18.2% on a year-over-year basis. During the same period last year, the business posted $0.47 earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 354,571 shares of company stock valued at $33,810,741 in the last ninety days. Insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of research analyst reports. Cantor Fitzgerald reissued an “overweight” rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Roth Capital boosted their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Sanford C. Bernstein boosted their price target on Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. UBS Group boosted their price target on Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Finally, Stifel Nicolaus boosted their price target on Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus target price of $103.06.

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.