Uber Technologies, Inc. $UBER Shares Purchased by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 0.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 86,171 shares of the ride-sharing company’s stock after purchasing an additional 336 shares during the period. Pallas Capital Advisors LLC’s holdings in Uber Technologies were worth $8,040,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Fourth Dimension Wealth LLC acquired a new position in Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. increased its position in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in Uber Technologies during the 1st quarter worth approximately $27,000. Vision Financial Markets LLC acquired a new position in Uber Technologies during the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC increased its position in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Tony West sold 3,125 shares of the stock in a transaction on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the completion of the sale, the insider owned 170,269 shares of the company’s stock, valued at approximately $16,175,555. This represents a 1.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 348,696 shares of company stock worth $33,243,774. 3.70% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UBER has been the topic of several recent analyst reports. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Susquehanna upped their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Needham & Company LLC upped their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Roth Capital upped their price target on Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $103.06.

Uber Technologies Trading Down 0.9%

UBER stock opened at $97.97 on Wednesday. The company has a market cap of $204.31 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 1.13 and a beta of 1.43. 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 business has a fifty day simple moving average of $92.67 and a 200-day simple moving average of $84.96. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $99.70.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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 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 business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.47 EPS. On average, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.