Accuvest Global Advisors Has $3.34 Million Stock Holdings in Uber Technologies, Inc. $UBER

Accuvest Global Advisors lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 123.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,792 shares of the ride-sharing company’s stock after purchasing an additional 19,743 shares during the period. Uber Technologies makes up about 2.2% of Accuvest Global Advisors’ holdings, making the stock its 19th biggest position. Accuvest Global Advisors’ holdings in Uber Technologies were worth $3,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Brighton Jones LLC raised its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the period. Keybank National Association OH raised its position in shares of Uber Technologies by 4.8% during the first quarter. Keybank National Association OH now owns 36,161 shares of the ride-sharing company’s stock worth $2,635,000 after purchasing an additional 1,657 shares during the period. Finally, Novem Group acquired a new stake in shares of Uber Technologies during the first quarter worth $202,000. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UBER. Needham & Company LLC boosted their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Bank of America upped their price target on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Raymond James Financial upped their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 7th. BMO Capital Markets upped their price target 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, Benchmark reissued a “hold” rating on shares of Uber Technologies in a research report on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $106.82.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated 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 transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 604,946 shares of company stock valued at $58,950,116. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $96.71 on Friday. The business’s 50-day moving average price is $95.56 and its two-hundred day moving average price is $90.50. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a market capitalization of $201.68 billion, a P/E ratio of 16.48 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS 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 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 company posted $0.47 earnings per share. The business’s quarterly revenue was up 18.2% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies Company 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.