GWN Securities Inc. Acquires 1,710 Shares of Uber Technologies, Inc. $UBER

GWN Securities Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 49.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,184 shares of the ride-sharing company’s stock after acquiring an additional 1,710 shares during the period. GWN Securities Inc.’s holdings in Uber Technologies were worth $484,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies during the 1st quarter valued at $27,000. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the 2nd quarter valued at $28,000. Truvestments Capital LLC raised its position in shares of Uber Technologies by 498.5% during the 1st 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 period. Trust Co. of Toledo NA OH bought a new stake in shares of Uber Technologies during the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd bought a new stake in shares of Uber Technologies during the 1st quarter valued at $31,000. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 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 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. The trade was a 20.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 604,946 shares of company stock worth $58,950,116. Insiders own 3.70% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UBER. Barclays restated an “overweight” rating and set a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Needham & Company LLC raised their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research report on Monday, July 14th. BMO Capital Markets lifted their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Raymond James Financial lifted their price target 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, Sanford C. Bernstein reiterated an “outperform” rating and issued a $110.00 price target on shares of Uber Technologies in a report on Tuesday, October 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $106.12.

Uber Technologies Stock Performance

Shares of NYSE:UBER opened at $95.55 on Wednesday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The stock has a market capitalization of $199.27 billion, a P/E ratio of 16.28 and a beta of 1.48. The firm has a fifty day simple moving average of $95.48 and a two-hundred day simple moving average of $90.01. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 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 business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period last year, the company posted $0.47 EPS. The business’s revenue was up 18.2% on a year-over-year basis. On average, analysts expect 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.