Warther Private Wealth LLC Purchases 5,657 Shares of Uber Technologies, Inc. $UBER

Warther Private Wealth LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 263,969 shares of the ride-sharing company’s stock after acquiring an additional 5,657 shares during the quarter. Uber Technologies makes up approximately 6.4% of Warther Private Wealth LLC’s holdings, making the stock its 8th biggest holding. Warther Private Wealth LLC’s holdings in Uber Technologies were worth $24,628,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. West Oak Capital LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $28,000. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies in the 2nd quarter valued at $30,000. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter valued at $27,000. Truvestments Capital LLC boosted its holdings in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC boosted its holdings in shares of Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after purchasing an additional 250 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 a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Piper Sandler raised their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. Barclays reissued an “overweight” rating and issued a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Needham & Company LLC raised their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, UBS Group raised their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $105.70.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the business’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the sale, the insider owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. The trade was a 1.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 604,946 shares of company stock worth $58,950,116 over the last three months. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

Uber Technologies stock opened at $92.11 on Thursday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a market capitalization of $192.09 billion, a price-to-earnings ratio of 15.69 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm’s fifty day moving average price is $95.33 and its 200 day moving average price is $88.98.

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

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.