Uber Technologies, Inc. $UBER Shares Bought by Investment Management Associates Inc. ADV

Investment Management Associates Inc. ADV grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 6.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 447,827 shares of the ride-sharing company’s stock after buying an additional 27,565 shares during the period. Uber Technologies makes up approximately 14.0% of Investment Management Associates Inc. ADV’s holdings, making the stock its biggest position. Investment Management Associates Inc. ADV’s holdings in Uber Technologies were worth $41,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Bison Wealth LLC raised its position in shares of Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after buying an additional 641 shares during the last quarter. Ameritas Advisory Services LLC raised its position in shares of Uber Technologies by 9.6% during the first quarter. Ameritas Advisory Services LLC now owns 8,679 shares of the ride-sharing company’s stock valued at $632,000 after buying an additional 758 shares during the last quarter. Finally, Koshinski Asset Management Inc. raised its position in shares of Uber Technologies by 15.8% during the first quarter. Koshinski Asset Management Inc. now owns 8,374 shares of the ride-sharing company’s stock valued at $610,000 after buying an additional 1,143 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Price Performance

Shares of UBER stock opened at $95.63 on Thursday. The stock’s fifty day moving average is $95.52 and its 200-day moving average is $90.17. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market capitalization of $199.43 billion, a PE ratio of 16.29 and a beta of 1.48. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 period last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Stifel Nicolaus upped their price target on Uber Technologies from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, October 24th. Bank of America upped their target price on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, July 8th. Guggenheim upgraded Uber Technologies to a “strong-buy” rating in a research note on Wednesday, October 15th. Raymond James Financial increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $106.18.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 3,125 shares of the business’s stock in a transaction that occurred on Monday, October 20th. The shares were sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the transaction, the insider owned 172,846 shares of the company’s stock, valued at $16,074,678. This represents a 1.78% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 604,946 shares of company stock worth $58,950,116 over the last 90 days. 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.