Eleva Capital SAS Invests $1.96 Million in Uber Technologies, Inc. $UBER

Eleva Capital SAS acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 21,021 shares of the ride-sharing company’s stock, valued at approximately $1,961,000. Uber Technologies makes up about 0.4% of Eleva Capital SAS’s portfolio, making the stock its 16th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. West Oak Capital LLC purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $28,000. Truvestments Capital LLC lifted its holdings in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Uber Technologies in the 2nd quarter valued at about $30,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Uber Technologies in the 1st quarter valued at about $31,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UBER has been the subject of several research reports. Morgan Stanley reissued an “overweight” rating and issued a $115.00 target price (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a report on Wednesday. Cowen reissued a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Finally, Raymond James Financial boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $106.82.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Up 0.2%

UBER opened at $96.71 on Friday. The business has a 50 day moving average price of $95.56 and a two-hundred day moving average price of $90.50. 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 company has a market cap of $201.68 billion, a PE ratio of 16.48 and a beta of 1.48. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 EPS. As a group, research analysts anticipate that Uber Technologies, Inc. will post 2.54 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.