Uber Technologies, Inc. $UBER Shares Acquired by Focus Financial Network Inc.

Focus Financial Network Inc. increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 10.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,189 shares of the ride-sharing company’s stock after buying an additional 308 shares during the period. Focus Financial Network Inc.’s holdings in Uber Technologies were worth $298,000 as of its most recent filing with the SEC.

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

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 354,571 shares of company stock worth $33,810,741. Company insiders own 3.70% of the company’s stock.

Uber Technologies Stock Up 4.2%

NYSE UBER opened at $98.68 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day simple moving average is $92.63 and its 200 day simple moving average is $85.45. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $99.70. The company has a market capitalization of $205.79 billion, a P/E ratio of 16.81 and a beta of 1.43.

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

Analysts Set New Price Targets

Several research analysts have recently commented on UBER shares. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Susquehanna boosted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Roth Capital boosted their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Piper Sandler boosted their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $103.06.

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.