Uber Technologies, Inc. $UBER Shares Purchased by Bay Colony Advisory Group Inc d b a Bay Colony Advisors

Bay Colony Advisory Group Inc d b a Bay Colony Advisors boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 4,868 shares of the ride-sharing company’s stock after purchasing an additional 207 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Uber Technologies were worth $454,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. West Oak Capital LLC acquired a new stake in Uber Technologies during the 2nd quarter worth about $28,000. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the 2nd quarter worth about $30,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the 1st quarter worth about $27,000. Truvestments Capital LLC grew its position in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the period. Finally, REAP Financial Group LLC grew its position in Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after purchasing an additional 250 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UBER. Stifel Nicolaus increased their price target on Uber Technologies from $116.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. KeyCorp increased their target price 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. BMO Capital Markets increased their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Needham & Company LLC increased their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, Barclays reissued an “overweight” rating and set a $110.00 target price (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $106.82.

Uber Technologies Trading Up 0.2%

Shares of Uber Technologies stock opened at $96.71 on Friday. The firm has a market capitalization of $201.68 billion, a PE ratio of 16.48 and a beta of 1.48. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The firm’s 50-day moving average price is $95.56 and its 200 day moving average price is $90.38. 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 issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. On average, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Buying and Selling

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated 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 owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction dated Friday, August 15th. The shares were 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 of the company’s stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 604,946 shares of company stock worth $58,950,116 in the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Profile

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.