2,494 Shares in Uber Technologies, Inc. $UBER Acquired by Newman Dignan & Sheerar Inc.

Newman Dignan & Sheerar Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 2,494 shares of the ride-sharing company’s stock, valued at approximately $233,000.

Several other large investors have also recently modified their holdings of the company. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies during the 1st quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new position in Uber Technologies during the 1st quarter valued at approximately $27,000. West Oak Capital LLC acquired a new position in Uber Technologies during the 2nd quarter valued at approximately $28,000. Finally, GPS Wealth Strategies Group LLC increased its stake in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $96.51 on Friday. The company’s fifty day moving average price is $93.83 and its 200 day moving average price is $86.87. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a market capitalization of $201.27 billion, a PE ratio of 16.44 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the firm posted $0.47 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UBER. Susquehanna upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Barclays restated an “overweight” rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Wedbush dropped their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Raymond James Financial upped their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a report on Thursday, August 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.09.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction on 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 sale, the insider directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,571 shares of company stock valued at $58,920,741 in the last three months. 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.