Relyea Zuckerberg Hanson LLC Grows Holdings in Uber Technologies, Inc. $UBER

Relyea Zuckerberg Hanson LLC increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.6% in the second quarter, Holdings Channel reports. The firm owned 5,216 shares of the ride-sharing company’s stock after buying an additional 585 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Uber Technologies were worth $487,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kozak & Associates Inc. grew its holdings in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies in the 1st quarter valued at approximately $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies in the second quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares during the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the transaction, the chief executive officer directly owned 982,544 shares in the company, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction dated 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 sale, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock valued at $58,659,491 in the last three months. 3.70% of the stock is owned by insiders.

Uber Technologies Trading Up 3.5%

Shares of Uber Technologies stock opened at $100.02 on Tuesday. The company has a 50-day moving average of $94.12 and a two-hundred day moving average of $87.40. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $208.58 billion, a PE ratio of 17.04 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last released 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 return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBER. Wells Fargo & Company lowered their price objective on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a research report on Friday. Stifel Nicolaus lifted their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Susquehanna boosted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Piper Sandler boosted their target price on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $104.03.

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.