QTR Family Wealth LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 26.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,429 shares of the ride-sharing company’s stock after purchasing an additional 939 shares during the quarter. QTR Family Wealth LLC’s holdings in Uber Technologies were worth $413,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of UBER. Brighton Jones LLC raised its position in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after purchasing 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. American National Bank & Trust raised its position in shares of Uber Technologies by 320.5% during the first quarter. American National Bank & Trust now owns 841 shares of the ride-sharing company’s stock worth $61,000 after acquiring an additional 641 shares during the last quarter. Finally, Fiduciary Alliance LLC raised its position in shares of Uber Technologies by 2.8% during the first quarter. Fiduciary Alliance LLC now owns 9,324 shares of the ride-sharing company’s stock worth $679,000 after acquiring an additional 256 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.
Insider Transactions at Uber Technologies
In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s 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 completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 100,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value 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 approximately $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 604,571 shares of company stock valued at $58,920,741. Insiders own 3.70% of the company’s stock.
Uber Technologies Stock Down 1.6%
Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.
Analyst Ratings Changes
A number of research firms have recently weighed in on UBER. BMO Capital Markets boosted their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Royal Bank Of Canada boosted their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Susquehanna boosted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Finally, Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.09.
View Our Latest Stock Report on UBER
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.
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