Uber Technologies, Inc. $UBER Shares Bought by Pure Financial Advisors LLC

Pure Financial Advisors LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 28.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 8,544 shares of the ride-sharing company’s stock after acquiring an additional 1,875 shares during the period. Pure Financial Advisors LLC’s holdings in Uber Technologies were worth $797,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in UBER. Brighton Jones LLC raised its position in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its position in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC raised its position in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares during the period. Merit Financial Group LLC raised its position in Uber Technologies by 12.7% during the first quarter. Merit Financial Group LLC now owns 64,417 shares of the ride-sharing company’s stock worth $4,693,000 after acquiring an additional 7,279 shares during the period. Finally, HBW Advisory Services LLC acquired a new position in Uber Technologies during the first quarter worth $334,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Uber Technologies stock opened at $96.51 on Friday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The stock has a market cap of $201.27 billion, a P/E ratio of 16.44 and a beta of 1.48. The company has a 50-day moving average price of $93.83 and a 200 day moving average price of $86.87. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last released 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 net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period last year, the business earned $0.47 earnings per share. Uber Technologies’s revenue was up 18.2% compared to the same quarter last year. Sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Needham & Company LLC upped their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Piper Sandler upped their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Roth Capital upped their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, BMO Capital Markets upped their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.09.

Insider Activity

In related 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,571 shares of company stock valued at $58,920,741 in the last quarter. Insiders own 3.84% of the company’s stock.

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.