Uber Technologies, Inc. $UBER Shares Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 12.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,289 shares of the ride-sharing company’s stock after buying an additional 3,233 shares during the period. Simon Quick Advisors LLC’s holdings in Uber Technologies were worth $2,639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vision Financial Markets LLC acquired a new stake in Uber Technologies in the first quarter worth approximately $27,000. West Oak Capital LLC acquired a new stake in Uber Technologies in the second quarter worth approximately $28,000. Truvestments Capital LLC lifted its position in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies in the second quarter worth approximately $30,000. Finally, Ransom Advisory Ltd acquired a new stake in Uber Technologies in the first quarter worth approximately $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the company’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 in the last three months. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $96.49 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market cap of $201.21 billion, a PE ratio of 16.44 and a beta of 1.48. The business has a fifty day simple moving average of $95.56 and a 200-day simple moving average of $90.22.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. UBS Group upped their target price on Uber Technologies from $117.00 to $124.00 and gave the stock a “buy” rating in a research report on Tuesday. Susquehanna upped their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a report on Thursday, August 7th. Roth Capital upped their price target on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. Cowen restated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Finally, BMO Capital Markets raised their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $106.82.

About Uber Technologies

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.