Uber Technologies, Inc. $UBER Shares Bought by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 14,669 shares of the ride-sharing company’s stock after acquiring an additional 277 shares during the period. HBK Sorce Advisory LLC’s holdings in Uber Technologies were worth $1,369,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC raised its position in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of Uber Technologies by 9.6% in the first quarter. Ameritas Advisory Services LLC now owns 8,679 shares of the ride-sharing company’s stock valued at $632,000 after buying an additional 758 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of Uber Technologies by 15.8% in the first quarter. Koshinski Asset Management Inc. now owns 8,374 shares of the ride-sharing company’s stock valued at $610,000 after buying an additional 1,143 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 0.8%

Shares of UBER opened at $96.49 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $201.21 billion, a P/E ratio of 16.44 and a beta of 1.48. The firm has a 50-day moving average price of $95.56 and a 200 day moving average price of $90.22. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Needham & Company LLC increased their target price 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. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $108.00 target price on shares of Uber Technologies in a research report on Wednesday. UBS Group increased their target price on shares of Uber Technologies from $117.00 to $124.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Three 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. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $106.82.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction dated 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 completion of the transaction, the senior vice president 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 filing with the SEC, which is available through the SEC website. Also, insider Tony West sold 100,000 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 604,946 shares of company stock valued at $58,950,116 over the last quarter. 3.84% of the stock is owned by insiders.

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.