Venturi Wealth Management LLC Acquires 1,476 Shares of Uber Technologies, Inc. $UBER

Venturi Wealth Management LLC raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBERFree Report) by 46.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 4,678 shares of the ride-sharing company’s stock after acquiring an additional 1,476 shares during the period. Venturi Wealth Management LLC’s holdings in Uber Technologies were worth $436,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in UBER. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies in the 1st quarter valued at $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its stake in 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 worth $1,863,545,000 after purchasing an additional 19,967,705 shares during the period. Pacer Advisors Inc. boosted its stake in 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 worth $473,456,000 after purchasing an additional 6,254,898 shares during the period. Vanguard Group Inc. boosted its stake in 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 worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the period. Finally, Boston Partners boosted its stake in shares of 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 last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $96.06 on Friday. The company’s 50 day simple moving average is $94.73 and its 200 day simple moving average is $87.69. The stock has a market capitalization of $200.32 billion, a price-to-earnings ratio of 16.36 and a beta of 1.48. 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.

Uber Technologies (NYSE:UBERGet Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the prior year, the company earned $0.47 EPS. Uber Technologies’s revenue was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on UBER. Barclays restated an “overweight” rating and set a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Saturday, September 27th. Bank of America raised their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Cowen reissued a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine 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 has a consensus rating of “Moderate Buy” and an average price target of $104.03.

Get Our Latest Stock Analysis on Uber Technologies

Insider Buying and Selling at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 100,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the sale, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock worth $58,659,491 over the last 90 days. Company insiders own 3.84% of the company’s stock.

About Uber Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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