Ethos Financial Group LLC Buys New Stake in Uber Technologies, Inc. $UBER

Ethos Financial Group LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, Holdings Channel.com reports. The firm purchased 2,975 shares of the ride-sharing company’s stock, valued at approximately $278,000.

Other large investors also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in Uber Technologies in the second quarter valued at $96,000. American Capital Advisory LLC grew its holdings in shares of Uber Technologies by 47.8% during the second quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock worth $1,213,000 after buying an additional 4,204 shares during the last quarter. Teacher Retirement System of Texas grew its holdings 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 buying an additional 183,085 shares during the last quarter. Geneos Wealth Management Inc. increased its position in Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock valued at $7,483,000 after acquiring an additional 91,362 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its stake in Uber Technologies by 42.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock valued at $70,822,000 after acquiring an additional 226,960 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of several analyst reports. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Uber Technologies in a report on Wednesday. DA Davidson boosted their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research note on Wednesday. Raymond James Financial raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $100.00 target price on shares of Uber Technologies in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Stock Performance

NYSE:UBER opened at $92.03 on Friday. The firm’s fifty day simple moving average is $95.46 and its 200-day simple moving average is $91.09. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The stock has a market cap of $191.21 billion, a PE ratio of 11.83 and a beta of 1.46. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. During the same quarter in the previous year, the firm earned $1.20 earnings per share. The firm’s revenue was up 20.4% on a year-over-year basis. Analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’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 value of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer directly owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This represents a 13.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

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.