Premier Path Wealth Partners LLC Buys 795 Shares of Uber Technologies, Inc. $UBER

Premier Path Wealth Partners LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,113 shares of the ride-sharing company’s stock after purchasing an additional 795 shares during the period. Premier Path Wealth Partners LLC’s holdings in Uber Technologies were worth $1,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBER. Hilltop National Bank acquired a new position in Uber Technologies during the second quarter worth $96,000. Teacher Retirement System of Texas increased its position in shares of Uber Technologies by 50.2% during the second quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after acquiring an additional 183,085 shares in the last quarter. Geneos Wealth Management Inc. increased its position 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 worth $7,483,000 after acquiring an additional 91,362 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Uber Technologies by 42.7% during the second quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock worth $70,822,000 after acquiring an additional 226,960 shares in the last quarter. Finally, Kapstone Financial Advisors LLC bought a new stake in shares of Uber Technologies during the second quarter worth about $415,000. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction 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. This represents a 36.82% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 604,946 shares of company stock valued at $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on UBER shares. Bank of America boosted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Guggenheim raised shares of Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Sanford C. Bernstein reissued an “outperform” rating and set a $110.00 target price on shares of Uber Technologies in a research report on Tuesday, October 21st. Piper Sandler boosted their target price 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. Finally, Needham & Company LLC boosted their target price 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. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $106.82.

Uber Technologies Trading Up 0.8%

Shares of UBER stock opened at $96.49 on Friday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. 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 company has a 50-day simple moving average of $95.56 and a two-hundred day simple moving average of $90.22. The company has a market capitalization of $201.21 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the firm posted $0.47 EPS. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.