Toroso Investments LLC Has $1.03 Million Stake in Uber Technologies, Inc. (NYSE:UBER)

Toroso Investments LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 32,536 shares of the ride-sharing company’s stock after purchasing an additional 1,175 shares during the quarter. Toroso Investments LLC’s holdings in Uber Technologies were worth $1,031,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Pinnacle Bancorp Inc. bought a new stake in shares of Uber Technologies in the first quarter valued at about $26,000. Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of Uber Technologies by 89.3% during the 1st quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 400 shares in the last quarter. MCF Advisors LLC bought a new stake in shares of Uber Technologies during the first quarter valued at approximately $32,000. Colonial Trust Advisors raised its stake in shares of Uber Technologies by 23,500.0% in the first quarter. Colonial Trust Advisors now owns 1,180 shares of the ride-sharing company’s stock valued at $37,000 after purchasing an additional 1,175 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its position in Uber Technologies by 56.9% in the first quarter. Parkside Financial Bank & Trust now owns 1,180 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 428 shares during the period. 74.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

UBER has been the subject of several analyst reports. BTIG Research raised their target price on Uber Technologies from $55.00 to $60.00 and gave the stock a “buy” rating in a research report on Tuesday, August 1st. Wells Fargo & Company upped their target price on shares of Uber Technologies from $53.00 to $59.00 and gave the stock an “overweight” rating in a report on Thursday, August 17th. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $48.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Sanford C. Bernstein upped their price objective on shares of Uber Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 2nd. Finally, Wolfe Research lifted their target price on shares of Uber Technologies from $52.00 to $57.00 and gave the company an “outperform” rating in a research note on Wednesday, August 2nd. Thirty-one equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $56.00.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 69,975 shares of Uber Technologies stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $45.00, for a total value of $3,148,875.00. Following the completion of the transaction, the chief executive officer now directly owns 1,416,243 shares of the company’s stock, valued at approximately $63,730,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Dara Khosrowshahi sold 69,975 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $45.00, for a total transaction of $3,148,875.00. Following the completion of the sale, the chief executive officer now owns 1,416,243 shares of the company’s stock, valued at approximately $63,730,935. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Nelson Chai sold 100,000 shares of Uber Technologies stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $45.05, for a total transaction of $4,505,000.00. Following the completion of the transaction, the chief financial officer now directly owns 291,807 shares in the company, valued at $13,145,905.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 300,000 shares of company stock valued at $13,756,000. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Down 2.1 %

Shares of NYSE:UBER opened at $46.51 on Tuesday. Uber Technologies, Inc. has a 52-week low of $22.94 and a 52-week high of $49.49. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.23 and a current ratio of 1.24. The company has a market capitalization of $95.04 billion, a P/E ratio of -211.40 and a beta of 1.23. The company has a 50-day simple moving average of $46.02 and a 200 day simple moving average of $39.78.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.19. The company had revenue of $9.23 billion during the quarter, compared to analysts’ expectations of $9.34 billion. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. Uber Technologies’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the company posted ($1.33) EPS. Sell-side analysts forecast that Uber Technologies, Inc. will post 0.41 earnings per share for the current 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.