Joseph P. Lucia & Associates LLC Raises Stock Position in Uber Technologies, Inc. $UBER

Joseph P. Lucia & Associates LLC raised its stake in Uber Technologies, Inc. (NYSE:UBERFree Report) by 8.8% in the first quarter, HoldingsChannel reports. The institutional investor owned 17,050 shares of the ride-sharing company’s stock after buying an additional 1,381 shares during the quarter. Joseph P. Lucia & Associates LLC’s holdings in Uber Technologies were worth $1,242,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. TFB Advisors LLC increased its holdings in Uber Technologies by 9.5% in the first quarter. TFB Advisors LLC now owns 7,095 shares of the ride-sharing company’s stock valued at $517,000 after buying an additional 617 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of Uber Technologies by 2.7% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 18,751 shares of the ride-sharing company’s stock worth $1,366,000 after purchasing an additional 487 shares in the last quarter. GM Advisory Group LLC increased its stake in shares of Uber Technologies by 14.1% during the 1st quarter. GM Advisory Group LLC now owns 121,005 shares of the ride-sharing company’s stock worth $8,816,000 after purchasing an additional 14,996 shares in the last quarter. Capital Analysts LLC increased its stake in shares of Uber Technologies by 21,395.6% during the 1st quarter. Capital Analysts LLC now owns 58,253 shares of the ride-sharing company’s stock worth $4,244,000 after purchasing an additional 57,982 shares in the last quarter. Finally, Level Four Advisory Services LLC increased its stake in shares of Uber Technologies by 7.9% during the 1st quarter. Level Four Advisory Services LLC now owns 192,031 shares of the ride-sharing company’s stock worth $13,991,000 after purchasing an additional 14,048 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Canaccord Genuity Group restated a “hold” rating and set a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. BMO Capital Markets lifted their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Barclays restated an “overweight” rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $102.82.

Get Our Latest Research Report on UBER

Insider Transactions 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 Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer directly owned 21,975 shares of the company’s stock, valued at $2,087,625. The trade was a 11.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Uber Technologies Trading Up 1.5%

NYSE UBER opened at $95.3560 on Wednesday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $97.71. The company has a 50-day simple moving average of $90.51 and a 200-day simple moving average of $82.36. 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 firm has a market capitalization of $198.86 billion, a PE ratio of 16.24, a price-to-earnings-growth ratio of 1.08 and a beta of 1.43.

Uber Technologies (NYSE:UBERGet Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates 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 business posted $0.47 EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

(Free Report)

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.

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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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