Uber Technologies, Inc. $UBER Shares Acquired by Signal Advisors Wealth LLC

Signal Advisors Wealth LLC grew its stake in Uber Technologies, Inc. (NYSE:UBER) by 57.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 45,960 shares of the ride-sharing company’s stock after purchasing an additional 16,786 shares during the period. Signal Advisors Wealth LLC’s holdings in Uber Technologies were worth $4,288,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Sovran Advisors LLC acquired a new position in shares of Uber Technologies in the second quarter valued at approximately $207,000. Sunflower Bank N.A. acquired a new position in Uber Technologies during the second quarter worth $246,000. Financial Management Network Inc. acquired a new position in Uber Technologies during the second quarter worth $282,000. Intelligence Driven Advisers LLC grew its holdings in Uber Technologies by 4.1% during the second quarter. Intelligence Driven Advisers LLC now owns 6,934 shares of the ride-sharing company’s stock worth $647,000 after acquiring an additional 274 shares during the period. Finally, Gilman Hill Asset Management LLC grew its holdings in Uber Technologies by 0.5% in the second quarter. Gilman Hill Asset Management LLC now owns 72,285 shares of the ride-sharing company’s stock valued at $6,744,000 after purchasing an additional 341 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $93.07 on Thursday. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $99.70. The business has a 50 day moving average price of $92.60 and a two-hundred day moving average price of $85.02. 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 market cap of $194.09 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same quarter last year, the firm earned $0.47 EPS. Uber Technologies’s quarterly revenue was up 18.2% on a year-over-year basis. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies 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 transaction, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the 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 transaction, the senior vice president directly 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. Insiders have sold a total of 348,696 shares of company stock worth $33,243,774 over the last quarter. 3.84% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have weighed in on UBER. JPMorgan Chase & Co. upped their target price on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. UBS Group upped their target price on Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a report on Thursday, August 7th. Needham & Company LLC upped their target price on Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a report on Monday, July 14th. Barclays restated an “overweight” rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Tigress Financial set a $110.00 price objective on Uber Technologies and gave the company a “buy” rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average price target of $103.06.

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.