Broyhill Asset Management LLC Buys 13,007 Shares of Uber Technologies, Inc. $UBER

Broyhill Asset Management LLC increased its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 168.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,732 shares of the ride-sharing company’s stock after buying an additional 13,007 shares during the quarter. Uber Technologies accounts for 1.2% of Broyhill Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Broyhill Asset Management LLC’s holdings in Uber Technologies were worth $1,511,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of UBER. Fourth Dimension Wealth LLC bought a new stake in shares of Uber Technologies in the 4th quarter worth $27,000. Kozak & Associates Inc. lifted its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies during the first quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in Uber Technologies during the first quarter worth about $27,000. Finally, GPS Wealth Strategies Group LLC grew its position in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction that occurred on 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 sale, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 45,571 shares of company stock worth $4,335,899 over the last quarter. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $95.44 on Thursday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. 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 stock’s fifty day moving average price is $91.76 and its two-hundred day moving average price is $83.35. The firm has a market cap of $199.02 billion, a PE ratio of 16.26, a PEG ratio of 1.11 and a beta of 1.43.

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, 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 company had revenue of $12.65 billion during 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. On average, equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Roth Capital increased their price target on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Piper Sandler lifted their price target on Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Needham & Company LLC boosted their price objective on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Cowen restated a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $102.82.

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.