Rossby Financial LCC Raises Holdings in Uber Technologies, Inc. $UBER

Rossby Financial LCC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 460.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 549 shares of the ride-sharing company’s stock after purchasing an additional 451 shares during the quarter. Rossby Financial LCC’s holdings in Uber Technologies were worth $51,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the second quarter worth about $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies during the second quarter worth about $30,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the first quarter worth about $27,000. Truvestments Capital LLC grew its holdings in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC grew its holdings in shares of Uber Technologies by 158.2% during the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after buying an additional 250 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 0.2%

Shares of Uber Technologies stock opened at $95.63 on Thursday. 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, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a market capitalization of $199.43 billion, a P/E ratio of 16.29 and a beta of 1.48. The business has a 50 day moving average price of $95.52 and a 200 day moving average price of $90.17.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies 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 completion of the sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 604,946 shares of company stock worth $58,950,116 in the last three months. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Susquehanna raised their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Raymond James Financial raised their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a report on Thursday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday, October 14th. KeyCorp lifted their price objective on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Finally, UBS Group lifted their price objective on Uber Technologies from $117.00 to $124.00 and gave the company a “buy” rating in a report on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $106.18.

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.