Mayflower Financial Advisors LLC Raises Stock Position in Uber Technologies, Inc. $UBER

Mayflower Financial Advisors LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,609 shares of the ride-sharing company’s stock after buying an additional 471 shares during the quarter. Mayflower Financial Advisors LLC’s holdings in Uber Technologies were worth $803,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UBER. Brighton Jones LLC lifted its position in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Bison Wealth LLC raised its position in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares during the last quarter. Ameritas Advisory Services LLC raised its position in Uber Technologies by 9.6% in the 1st quarter. Ameritas Advisory Services LLC now owns 8,679 shares of the ride-sharing company’s stock valued at $632,000 after purchasing an additional 758 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in Uber Technologies by 15.8% in the 1st quarter. Koshinski Asset Management Inc. now owns 8,374 shares of the ride-sharing company’s stock valued at $610,000 after purchasing an additional 1,143 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $95.63 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The stock has a market cap of $199.43 billion, a PE ratio of 16.29 and a beta of 1.48. The firm’s fifty day simple moving average is $95.52 and its 200-day simple moving average is $90.17.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping 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 business had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the prior year, the company posted $0.47 EPS. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s 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 transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 604,946 shares of company stock worth $58,950,116. Company insiders own 3.84% of the company’s stock.

Analysts Set New Price Targets

UBER has been the subject of several research reports. Piper Sandler upped their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Needham & Company LLC boosted their price objective 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. Raymond James Financial boosted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $108.00 price objective on shares of Uber Technologies in a research note on Wednesday. Finally, Wedbush dropped their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.18.

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.