KRS Capital Management LLC Boosts Holdings in Uber Technologies, Inc. $UBER

KRS Capital Management LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,425 shares of the ride-sharing company’s stock after buying an additional 253 shares during the quarter. KRS Capital Management LLC’s holdings in Uber Technologies were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

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

Uber Technologies Trading Down 3.2%

Uber Technologies stock opened at $96.06 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The stock’s 50 day simple moving average is $94.73 and its two-hundred day simple moving average is $87.69. The firm has a market cap of $200.32 billion, a PE ratio of 16.36 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. 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 year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research note on Saturday, September 27th. Barclays restated an “overweight” rating and set a $110.00 price target (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Bank of America boosted their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. BMO Capital Markets boosted their price target on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, KeyCorp boosted their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.03.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the sale, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction that occurred 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 directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, 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 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.