Uber Technologies, Inc. $UBER Shares Acquired by Sowell Financial Services LLC

Sowell Financial Services LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 56,856 shares of the ride-sharing company’s stock after purchasing an additional 690 shares during the quarter. Sowell Financial Services LLC’s holdings in Uber Technologies were worth $5,305,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of UBER. Pershing Square Capital Management L.P. purchased a new position in shares of Uber Technologies in the first quarter worth about $2,207,743,000. Kingstone Capital Partners Texas LLC raised its stake in shares of Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares during the period. Pacer Advisors Inc. raised its stake in shares of Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after acquiring an additional 6,254,898 shares during the period. Vanguard Group Inc. raised its stake in shares of Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares during the period. Finally, Boston Partners increased its stake in Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after buying an additional 2,749,456 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 4.2%

NYSE UBER opened at $98.68 on Friday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $99.70. The company’s 50 day moving average price is $92.63 and its 200 day moving average price is $85.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $205.79 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.13 and a beta of 1.43.

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

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Stifel Nicolaus upped 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. Wells Fargo & Company increased their price target on shares of Uber Technologies from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Finally, BMO Capital Markets upped their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.06.

Insider Activity at Uber Technologies

In other 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 transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. This represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 354,571 shares of company stock valued at $33,810,741. 3.84% of the stock is currently owned by corporate insiders.

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.