Intelligence Driven Advisers LLC Takes Position in Uber Technologies, Inc. (NYSE:UBER)

Intelligence Driven Advisers LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,329 shares of the ride-sharing company’s stock, valued at approximately $387,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Hilltop Holdings Inc. raised its stake in shares of Uber Technologies by 2.9% in the fourth quarter. Hilltop Holdings Inc. now owns 5,634 shares of the ride-sharing company’s stock worth $347,000 after purchasing an additional 157 shares during the last quarter. Sivia Capital Partners LLC raised its stake in shares of Uber Technologies by 3.3% in the first quarter. Sivia Capital Partners LLC now owns 4,882 shares of the ride-sharing company’s stock worth $376,000 after purchasing an additional 157 shares during the last quarter. Wellington Shields Capital Management LLC raised its stake in shares of Uber Technologies by 6.1% in the first quarter. Wellington Shields Capital Management LLC now owns 2,756 shares of the ride-sharing company’s stock worth $212,000 after purchasing an additional 159 shares during the last quarter. Industrial Alliance Investment Management Inc. raised its stake in shares of Uber Technologies by 3.2% in the first quarter. Industrial Alliance Investment Management Inc. now owns 5,170 shares of the ride-sharing company’s stock worth $398,000 after purchasing an additional 160 shares during the last quarter. Finally, Quent Capital LLC raised its stake in shares of Uber Technologies by 6.6% in the first quarter. Quent Capital LLC now owns 2,732 shares of the ride-sharing company’s stock worth $210,000 after purchasing an additional 170 shares during the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Tony West sold 28,000 shares of the company’s stock in a transaction that occurred 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 sale, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 28,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 2.3 %

Shares of UBER stock traded down $1.67 on Friday, hitting $69.58. The stock had a trading volume of 11,449,834 shares, compared to its average volume of 18,374,742. 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 business has a 50 day moving average price of $69.53 and a 200 day moving average price of $71.26. The company has a market cap of $146.18 billion, a PE ratio of 112.26, a P/E/G ratio of 1.28 and a beta of 1.33. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm’s revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share. Research analysts anticipate that Uber Technologies, Inc. will post 1.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on UBER. The Goldman Sachs Group increased their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Loop Capital lifted their price objective on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday. Melius Research started coverage on shares of Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. Wells Fargo & Company lifted their price objective on shares of Uber Technologies from $91.00 to $97.00 and gave the stock an “overweight” rating in a report on Wednesday, August 7th. Finally, Roth Mkm boosted their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $87.60.

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.