Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Great Valley Advisor Group Inc.

Great Valley Advisor Group Inc. increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,027 shares of the ride-sharing company’s stock after purchasing an additional 3,249 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in Uber Technologies were worth $2,909,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Financial Management Professionals Inc. increased its position in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares in the last quarter. Bfsg LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at $31,000. J.Safra Asset Management Corp purchased a new position in shares of Uber Technologies in the first quarter valued at $32,000. GW&K Investment Management LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at $33,000. Finally, Founders Capital Management purchased a new position in shares of Uber Technologies in the second quarter valued at $33,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 0.5 %

UBER stock traded up $0.39 during midday trading on Wednesday, hitting $71.45. 5,452,404 shares of the company’s stock were exchanged, compared to its average volume of 19,109,805. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The firm has a 50 day moving average price of $68.71 and a 200-day moving average price of $71.11. The stock has a market capitalization of $149.30 billion, a price-to-earnings ratio of 114.34, a price-to-earnings-growth ratio of 1.45 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the previous year, the business earned $0.18 EPS. Uber Technologies’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts anticipate that Uber Technologies, Inc. will post 0.89 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on UBER shares. Wolfe Research started coverage on Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective for the company. TD Cowen lifted their price objective on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. Bank of America dropped their price objective on Uber Technologies from $91.00 to $87.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Finally, UBS Group dropped their price objective on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.47.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $65.93, for a total value of $32,965,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,656,996 shares in the company, valued at approximately $109,245,746.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 89,234 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the transaction, the insider now owns 124,945 shares of the company’s stock, valued at $8,518,750.10. The disclosure for this sale can be found here. Insiders have sold 1,117,234 shares of company stock worth $76,982,734 in the last three months. 3.84% of the stock is owned by insiders.

Uber Technologies 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.