Lifeworks Advisors LLC Purchases 1,896 Shares of Uber Technologies, Inc. $UBER

Lifeworks Advisors LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 45.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,024 shares of the ride-sharing company’s stock after acquiring an additional 1,896 shares during the period. Lifeworks Advisors LLC’s holdings in Uber Technologies were worth $562,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in Uber Technologies in the 1st quarter worth $27,000. West Oak Capital LLC bought a new stake in Uber Technologies in the 2nd quarter worth $28,000. Truvestments Capital LLC grew its holdings in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies in the 2nd quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new stake in Uber Technologies in the 1st quarter worth $31,000. Institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UBER shares. Susquehanna lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Needham & Company LLC lifted their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, July 14th. BMO Capital Markets lifted their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Wells Fargo & Company cut their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Finally, Stifel Nicolaus lifted their target price on shares of Uber Technologies from $116.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, October 24th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $106.82.

Insider Activity at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 604,946 shares of company stock worth $58,950,116 over the last 90 days. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 0.2%

Shares of NYSE UBER opened at $96.71 on Friday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The stock has a market cap of $201.68 billion, a P/E ratio of 16.48 and a beta of 1.48. The firm has a 50-day moving average of $95.56 and a 200 day moving average of $90.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $12.45 billion. During the same period last year, the company posted $0.47 EPS. Uber Technologies’s revenue was up 18.2% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.