Probity Advisors Inc. Has $839,000 Stake in Uber Technologies, Inc. $UBER

Probity Advisors Inc. raised its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,991 shares of the ride-sharing company’s stock after buying an additional 405 shares during the period. Probity Advisors Inc.’s holdings in Uber Technologies were worth $839,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies during the first quarter worth approximately $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $28,000. Truvestments Capital LLC grew its stake in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies during the second quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on UBER. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Roth Capital increased their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Royal Bank Of Canada increased their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $105.68.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on 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 transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies 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 transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 604,946 shares of company stock valued at $58,950,116. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Price Performance

Shares of UBER stock opened at $93.73 on Tuesday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The stock has a market cap of $195.46 billion, a PE ratio of 15.97 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. The firm’s 50 day moving average price is $95.28 and its two-hundred day moving average price is $88.93.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $12.45 billion. During the same period last year, the firm earned $0.47 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS 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.