Uber Technologies, Inc. $UBER Stake Raised by Perigon Wealth Management LLC

Perigon Wealth Management LLC grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 82,913 shares of the ride-sharing company’s stock after buying an additional 1,855 shares during the period. Perigon Wealth Management LLC’s holdings in Uber Technologies were worth $7,736,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after acquiring an additional 3,073 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock valued at $7,483,000 after acquiring an additional 91,362 shares during the period. Kapstone Financial Advisors LLC acquired a new position in shares of Uber Technologies during the second quarter valued at approximately $415,000. Revolve Wealth Partners LLC increased its stake in shares of 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 valued at $939,000 after acquiring an additional 6,129 shares during the period. Finally, Davis Investment Partners LLC acquired a new position in Uber Technologies in the second quarter worth approximately $435,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Uber Technologies from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Needham & Company LLC lifted 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. Finally, Piper Sandler lifted their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $103.06.

Insider Activity at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s 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 transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,571 shares of company stock worth $58,920,741. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.1%

Uber Technologies stock opened at $97.70 on Thursday. The firm has a market cap of $203.75 billion, a price-to-earnings ratio of 16.64 and a beta of 1.43. 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 fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm has a fifty day moving average price of $92.99 and a two-hundred day moving average price of $85.78.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share 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 analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business’s revenue was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 EPS. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.