Uber Technologies, Inc. $UBER Shares Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 13.5% in the second quarter, HoldingsChannel.com reports. The firm owned 9,378 shares of the ride-sharing company’s stock after buying an additional 1,117 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Uber Technologies were worth $875,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of UBER. Pershing Square Capital Management L.P. acquired a new position in shares of Uber Technologies during the 1st quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC lifted its position in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after buying an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after buying an additional 2,749,456 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction 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 transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 601,821 shares of company stock worth $58,659,491. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.6%

Shares of UBER stock opened at $99.32 on Thursday. The stock’s fifty day moving average is $94.57 and its two-hundred day moving average is $87.55. 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 firm has a market capitalization of $207.12 billion, a P/E ratio of 16.92 and a beta of 1.48. 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 announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the firm posted $0.47 EPS. The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBER. Susquehanna increased their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Piper Sandler increased their target price on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. BMO Capital Markets increased their target price on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $104.03.

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.