Boothe Investment Group Inc. Acquires 335 Shares of Uber Technologies, Inc. $UBER

Boothe Investment Group Inc. lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 0.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 80,629 shares of the ride-sharing company’s stock after purchasing an additional 335 shares during the period. Uber Technologies accounts for approximately 2.9% of Boothe Investment Group Inc.’s portfolio, making the stock its 14th biggest holding. Boothe Investment Group Inc.’s holdings in Uber Technologies were worth $7,523,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. West Oak Capital LLC bought a new position in shares of Uber Technologies in the second quarter worth about $28,000. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the second quarter worth about $30,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the first quarter worth about $27,000. Truvestments Capital LLC grew its position in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC grew its position in Uber Technologies by 158.2% during the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after buying an additional 250 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent research reports. Mizuho initiated coverage on Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price on the stock. KeyCorp boosted their target price on Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. BMO Capital Markets boosted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Morgan Stanley restated an “overweight” rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Wells Fargo & Company dropped their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $105.91.

Uber Technologies Price Performance

Shares of UBER stock opened at $94.09 on Friday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The firm has a market capitalization of $196.21 billion, a price-to-earnings ratio of 16.03 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a fifty day moving average of $95.42 and a 200-day moving average of $89.38.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The firm’s revenue was up 18.2% on a year-over-year basis. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,946 shares of company stock worth $58,950,116 over the last ninety days. Insiders own 3.84% of the company’s stock.

Uber Technologies Company 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.