Bensler LLC Grows Stake in Uber Technologies, Inc. $UBER

Bensler LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 12.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 116,436 shares of the ride-sharing company’s stock after acquiring an additional 13,225 shares during the period. Bensler LLC’s holdings in Uber Technologies were worth $10,863,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies in the first quarter worth approximately $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth $28,000. Truvestments Capital LLC grew 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 acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH purchased a new stake in shares of Uber Technologies in the 2nd quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies in the 1st quarter worth $31,000. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

NYSE UBER opened at $92.03 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.15 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The business has a 50 day simple moving average of $95.46 and a two-hundred day simple moving average of $91.09. The stock has a market capitalization of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.20 EPS. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent research reports. Benchmark reissued a “hold” rating on shares of Uber Technologies in a report on Tuesday, October 28th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a report on Wednesday. Roth Capital lifted their target price 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. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Finally, Wells Fargo & Company decreased their price target on Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $108.26.

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.