Uber Technologies, Inc. $UBER Shares Purchased by Trilogy Capital Inc.

Trilogy Capital Inc. grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 13.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 3,537 shares of the ride-sharing company’s stock after buying an additional 427 shares during the quarter. Trilogy Capital Inc.’s holdings in Uber Technologies were worth $330,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Pershing Square Capital Management L.P. bought a new position in shares of Uber Technologies in the 1st quarter worth about $2,207,743,000. Kingstone Capital Partners Texas LLC raised its stake in Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares during the period. Pacer Advisors Inc. lifted its holdings in Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after acquiring an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. boosted its stake in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after acquiring an additional 5,759,353 shares during the period. Finally, Boston Partners grew its holdings in shares of Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after purchasing an additional 2,749,456 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares in the company, valued at $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 604,571 shares of company stock valued at $58,920,741 over the last three months. 3.84% of the stock is owned by company insiders.

Uber Technologies Stock Performance

Shares of UBER opened at $96.75 on Thursday. The firm has a market capitalization of $201.76 billion, a PE ratio of 16.48 and a beta of 1.48. 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 firm has a 50-day moving average price of $93.72 and a 200 day moving average price of $86.71. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last released 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 company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on UBER shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Stifel Nicolaus increased their target price on Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research report on Tuesday, July 29th. Bank of America boosted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a report on Tuesday, July 8th. Needham & Company LLC upped their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $104.09.

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.