Fairfield Financial Advisors LTD Invests $36,000 in Uber Technologies, Inc. (NYSE:UBER)

Fairfield Financial Advisors LTD acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 500 shares of the ride-sharing company’s stock, valued at approximately $36,000.

Other large investors have also modified their holdings of the company. GHP Investment Advisors Inc. increased its position in Uber Technologies by 222.7% during the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares in the last quarter. Financial Management Professionals Inc. increased its position 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 worth $29,000 after purchasing an additional 202 shares in the last quarter. WR Wealth Planners LLC increased its position in 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 in the last quarter. J.Safra Asset Management Corp acquired a new stake in Uber Technologies during the 1st quarter worth approximately $32,000. Finally, MCF Advisors LLC increased its position in Uber Technologies by 1,038.5% during the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after purchasing an additional 405 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wolfe Research assumed coverage on shares of Uber Technologies in a research report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price for the company. Morgan Stanley increased their price objective on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $97.00 price objective on shares of Uber Technologies in a research report on Friday. Finally, Roth Mkm increased their price objective on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research report 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. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s 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 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 Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of UBER opened at $72.48 on Monday. The firm has a market capitalization of $151.45 billion, a price-to-earnings ratio of 116.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33. 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, Inc. has a one year low of $40.09 and a one year high of $82.14. The stock’s fifty day moving average is $69.41 and its 200-day moving average is $70.89.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period last year, the company earned $0.18 earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 1.06 EPS for the current year.

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.