Hazlett Burt & Watson Inc. Has $208,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Hazlett Burt & Watson Inc. raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 27.8% in the second quarter, Holdings Channel reports. The institutional investor owned 2,851 shares of the ride-sharing company’s stock after buying an additional 620 shares during the quarter. Hazlett Burt & Watson Inc.’s holdings in Uber Technologies were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Financial Management Professionals Inc. raised its stake in Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 202 shares during the last quarter. WR Wealth Planners LLC increased its holdings in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares during the period. J.Safra Asset Management Corp acquired a new position in shares of Uber Technologies during the first quarter valued at about $32,000. MCF Advisors LLC lifted its stake in shares of Uber Technologies by 1,038.5% in the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 405 shares during the period. Finally, GW&K Investment Management LLC acquired a new stake in Uber Technologies during the fourth quarter worth about $33,000. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Up 1.6 %

Shares of UBER opened at $70.11 on Thursday. The business’s fifty day moving average price is $69.45 and its two-hundred day moving average price is $71.05. The firm has a market capitalization of $146.50 billion, a price-to-earnings ratio of 113.08, a PEG ratio of 1.24 and a beta of 1.33. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The business had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.18 earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 1.05 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following 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 legal filing with the SEC, which is available through this hyperlink. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on UBER. JMP Securities upped their price target on Uber Technologies from $75.00 to $80.00 and gave the company a “market outperform” rating in a report on Wednesday, August 7th. Melius assumed coverage on Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Citigroup lifted their price target on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Oppenheimer restated an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, June 5th. Finally, The Goldman Sachs Group lifted their target price on shares of Uber Technologies from $85.00 to $90.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average target price 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.