Uber Technologies, Inc. $UBER Shares Sold by Brucke Financial Inc.

Brucke Financial Inc. reduced its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,498 shares of the ride-sharing company’s stock after selling 419 shares during the quarter. Brucke Financial Inc.’s holdings in Uber Technologies were worth $420,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at about $28,000. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. GPS Wealth Strategies Group LLC boosted its position in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 299 shares during the period. Finally, Truvestments Capital LLC boosted its position in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Cantor Fitzgerald reissued an “overweight” rating and issued a $106.00 target price (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Roth Capital upped their target price on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Sanford C. Bernstein upped their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Finally, BMO Capital Markets upped their price objective on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.03.

Uber Technologies Stock Performance

Shares of UBER stock opened at $93.52 on Friday. The company has a market cap of $195.03 billion, a price-to-earnings ratio of 15.93 and a beta of 1.48. The stock has a 50 day simple moving average of $94.86 and a 200-day simple moving average of $87.81. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

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

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was 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 directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 601,821 shares of company stock worth $58,659,491. 3.84% of the stock is currently owned by company insiders.

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.