Denver PWM LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Denver PWM LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,665 shares of the ride-sharing company’s stock, valued at approximately $121,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Aptus Capital Advisors LLC increased its position in Uber Technologies by 17.1% in the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock valued at $688,000 after acquiring an additional 1,383 shares during the period. US Bancorp DE increased its holdings in shares of Uber Technologies by 2.5% during the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock valued at $61,310,000 after purchasing an additional 24,059 shares during the period. Brookstone Capital Management raised its stake in shares of Uber Technologies by 19.0% during the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock valued at $11,082,000 after purchasing an additional 25,814 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after purchasing an additional 8,614 shares during the period. Finally, CIBC Private Wealth Group LLC grew its position in Uber Technologies by 70.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock valued at $959,000 after buying an additional 6,426 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Melius Research started coverage on Uber Technologies in a research report on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. Citigroup lifted their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. BMO Capital Markets reissued an “outperform” rating and issued a $92.00 price target on shares of Uber Technologies in a report on Tuesday, July 30th. Bank of America reissued a “buy” rating and set a $88.00 target price on shares of Uber Technologies in a research note on Friday, August 23rd. Finally, Melius initiated coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $87.60.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 28,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of the stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Down 0.4 %

Shares of NYSE UBER opened at $71.27 on Friday. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a market cap of $149.73 billion, a PE ratio of 114.95, a P/E/G ratio of 1.31 and a beta of 1.33. The company’s fifty day simple moving average is $69.58 and its 200 day simple moving average is $71.32. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating 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 firm had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 1.05 earnings per share for the current fiscal year.

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.