Uber Technologies, Inc. $UBER Shares Bought by Yarger Wealth Strategies LLC

Yarger Wealth Strategies LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 9.8% in the second quarter, Holdings Channel.com reports. The fund owned 4,681 shares of the ride-sharing company’s stock after buying an additional 417 shares during the quarter. Yarger Wealth Strategies LLC’s holdings in Uber Technologies were worth $437,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UBER. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies in the first quarter valued at $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its holdings in Uber Technologies by 334,075.7% in the second 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. lifted its holdings in Uber Technologies by 2,571.2% in the first 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. lifted its holdings in Uber Technologies by 3.2% in the first 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 lifted its holdings in Uber Technologies by 43.8% in the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after acquiring an additional 2,749,456 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Trading Down 2.6%

Uber Technologies stock opened at $93.52 on Monday. The stock has a market cap of $195.03 billion, a PE ratio of 15.93 and a beta of 1.48. The stock has a 50-day moving average price of $94.86 and a 200 day moving average price of $88.00. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week 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.

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

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised their target price on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Stifel Nicolaus raised their price target on Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Wedbush dropped their price target on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. KeyCorp raised their price target on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Finally, BMO Capital Markets raised their price target on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $104.03.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction dated 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 owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value 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. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock worth $58,659,491 in the last quarter. Corporate insiders own 3.70% 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.