Resonant Capital Advisors LLC Raises Stock Holdings in Uber Technologies, Inc. $UBER

Resonant Capital Advisors LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 44.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,992 shares of the ride-sharing company’s stock after buying an additional 1,843 shares during the quarter. Resonant Capital Advisors LLC’s holdings in Uber Technologies were worth $559,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. raised its position in Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 125 shares during the last quarter. Atticus Wealth Management LLC raised its holdings in shares of Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after buying an additional 127 shares during the last quarter. Forum Financial Management LP raised its holdings in shares of Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after buying an additional 136 shares during the last quarter. Crewe Advisors LLC raised its holdings in shares of Uber Technologies by 18.6% in the second quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock valued at $82,000 after buying an additional 137 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its stake in Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock valued at $34,000 after acquiring an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Tony West sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at $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 a total of 604,946 shares of company stock valued at $58,950,116 in the last 90 days. 3.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of several analyst reports. Susquehanna upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Stifel Nicolaus upped their price target on Uber Technologies from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday. Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a research report on Tuesday, October 14th. Guggenheim upgraded shares of Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Finally, Wedbush cut their price target on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $105.91.

Uber Technologies Stock Performance

Shares of UBER opened at $94.09 on Monday. The company has a 50-day simple moving average of $95.42 and a 200-day simple moving average of $89.67. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $196.21 billion, a PE ratio of 16.03 and a beta of 1.48. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99.

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, 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 business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue was up 18.2% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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.