Private Advisory Group LLC Purchases New Shares in Uber Technologies, Inc. (NYSE:UBER)

Private Advisory Group LLC acquired a new position in Uber Technologies, Inc. (NYSE:UBER) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 12,376 shares of the ride-sharing company’s stock, valued at approximately $930,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Aptus Capital Advisors LLC increased its holdings in shares of Uber Technologies by 17.1% during the second quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after purchasing an additional 1,383 shares during the period. Samlyn Capital LLC acquired a new stake in Uber Technologies during the second quarter worth approximately $134,987,000. Brookstone Capital Management increased its stake in Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after acquiring an additional 25,814 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in Uber Technologies by 26.4% in the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after acquiring an additional 8,614 shares in the last quarter. Finally, DSM Capital Partners LLC lifted its position in shares of Uber Technologies by 2.2% during the 2nd quarter. DSM Capital Partners LLC now owns 2,253,377 shares of the ride-sharing company’s stock valued at $163,775,000 after acquiring an additional 47,824 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Jill Hazelbaker sold 40,000 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Up 10.8 %

Shares of NYSE UBER opened at $86.34 on Friday. The business’s fifty day moving average price is $72.10 and its 200-day moving average price is $70.51. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $87.00. The stock has a market capitalization of $181.40 billion, a PE ratio of 94.88, a P/E/G ratio of 1.35 and a beta of 1.33. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the business earned $0.18 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 1.08 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UBER. Evercore ISI increased their price objective on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Oppenheimer increased their price target on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a research report on Friday, September 27th. Wells Fargo & Company restated an “overweight” rating and set a $97.00 price objective on shares of Uber Technologies in a research report on Friday, September 13th. TD Cowen raised their target price on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, Loop Capital lifted their price target on Uber Technologies from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Four analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.11.

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.