Demars Financial Group LLC Acquires New Holdings in Uber Technologies, Inc. $UBER

Demars Financial Group LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,350 shares of the ride-sharing company’s stock, valued at approximately $219,000.

A number of other large investors have also added to or reduced their stakes in the business. Schnieders Capital Management LLC bought a new position in Uber Technologies in the 2nd quarter valued at approximately $842,000. Crewe Advisors LLC raised its holdings in Uber Technologies by 18.6% in the 2nd quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock valued at $82,000 after buying an additional 137 shares during the last quarter. Lyell Wealth Management LP raised its holdings in Uber Technologies by 5.4% in the 2nd quarter. Lyell Wealth Management LP now owns 185,905 shares of the ride-sharing company’s stock valued at $17,345,000 after buying an additional 9,540 shares during the last quarter. Northeast Investment Management raised its holdings in Uber Technologies by 168.2% in the 2nd quarter. Northeast Investment Management now owns 91,481 shares of the ride-sharing company’s stock valued at $8,535,000 after buying an additional 57,369 shares during the last quarter. Finally, Forvis Mazars Wealth Advisors LLC bought a new position in Uber Technologies in the 2nd quarter valued at approximately $249,000. Institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling

In related news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the sale, the insider 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. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction 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 completion of the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock worth $58,659,491 over the last ninety days. 3.70% of the stock is owned by company insiders.

Uber Technologies Stock Performance

NYSE:UBER opened at $92.29 on Monday. The company has a fifty day moving average of $95.22 and a 200-day moving average of $88.73. The firm has a market capitalization of $192.47 billion, a P/E ratio of 15.72 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating 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 for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on UBER. KeyCorp raised their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Royal Bank Of Canada raised their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Roth Capital raised their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday, October 14th. Finally, Mizuho started coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.68.

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.