NTV Asset Management LLC Buys 1,932 Shares of Uber Technologies, Inc. $UBER

NTV Asset Management LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,919 shares of the ride-sharing company’s stock after acquiring an additional 1,932 shares during the quarter. NTV Asset Management LLC’s holdings in Uber Technologies were worth $1,952,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. West Oak Capital LLC purchased a new position in Uber Technologies during the 2nd quarter valued at $28,000. Noble Wealth Management PBC purchased a new position in Uber Technologies during the 1st quarter valued at $27,000. Kozak & Associates Inc. boosted its holdings in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 223 shares during the period. Vision Financial Markets LLC purchased a new position in Uber Technologies during the 1st quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 299 shares during the period. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, insider Tony West sold 100,000 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. This represents a 36.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated Friday, August 22nd. The shares were 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 in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,571 shares of company stock worth $58,920,741 over the last ninety days. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UBER. Wedbush dropped their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Needham & Company LLC upped their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 14th. KeyCorp upped 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 upped their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Finally, Roth Capital upped their target price on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $104.03.

Uber Technologies Trading Down 0.1%

Shares of NYSE UBER opened at $96.53 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $201.30 billion, a P/E ratio of 16.44 and a beta of 1.48. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The business has a fifty day moving average price of $93.93 and a 200 day moving average price of $87.04.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

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.