Schneider Downs Wealth Management Advisors LP Buys 165 Shares of Uber Technologies, Inc. $UBER

Schneider Downs Wealth Management Advisors LP increased its stake in Uber Technologies, Inc. (NYSE:UBER) by 2.5% during the second quarter, Holdings Channel.com reports. The fund owned 6,640 shares of the ride-sharing company’s stock after buying an additional 165 shares during the period. Schneider Downs Wealth Management Advisors LP’s holdings in Uber Technologies were worth $620,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Nova Wealth Management Inc. lifted its stake in shares of Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Atticus Wealth Management LLC increased its holdings in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 127 shares in the last quarter. Forum Financial Management LP lifted its stake in Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after buying an additional 136 shares during the period. Crewe Advisors LLC boosted its holdings in shares of Uber Technologies by 18.6% during the 2nd quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock worth $82,000 after buying an additional 137 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its position in shares of Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock worth $34,000 after buying an additional 138 shares during the period. Institutional investors own 80.24% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Cowen reiterated a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday, October 14th. Roth Capital raised their target price on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Raymond James Financial lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 7th. Finally, Wells Fargo & Company decreased their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $105.91.

Uber Technologies Stock Performance

Shares of UBER stock opened at $94.09 on Friday. 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 has a 50-day moving average of $95.42 and a 200-day moving average of $89.56. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a market cap of $196.21 billion, a P/E ratio of 16.03 and a beta of 1.48.

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

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,946 shares of company stock valued at $58,950,116 in the last quarter. Insiders own 3.84% of the company’s stock.

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.