16,163 Shares in Uber Technologies, Inc. $UBER Acquired by Charter Capital Management LLC DE

Charter Capital Management LLC DE purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 16,163 shares of the ride-sharing company’s stock, valued at approximately $1,508,000. Uber Technologies comprises about 0.9% of Charter Capital Management LLC DE’s holdings, making the stock its 13th largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Norden Group LLC bought a new stake in shares of Uber Technologies during the second quarter worth approximately $487,000. Accurate Wealth Management LLC raised its stake in shares of Uber Technologies by 10.0% during the second quarter. Accurate Wealth Management LLC now owns 5,896 shares of the ride-sharing company’s stock worth $568,000 after buying an additional 538 shares during the last quarter. Yarbrough Capital LLC increased its stake in Uber Technologies by 7.7% in the second quarter. Yarbrough Capital LLC now owns 38,263 shares of the ride-sharing company’s stock valued at $3,570,000 after purchasing an additional 2,720 shares in the last quarter. Fifth Third Bancorp increased its stake in Uber Technologies by 19.7% in the second quarter. Fifth Third Bancorp now owns 275,264 shares of the ride-sharing company’s stock valued at $25,682,000 after purchasing an additional 45,364 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its stake in Uber Technologies by 0.3% in the second quarter. Sheets Smith Wealth Management now owns 74,269 shares of the ride-sharing company’s stock valued at $6,929,000 after purchasing an additional 228 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, 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 transaction of $296,875.00. Following the completion of the transaction, the insider owned 170,269 shares in the company, valued at approximately $16,175,555. This represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 354,571 shares of company stock valued at $33,810,741 in the last three months. 3.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Susquehanna upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Raymond James Financial upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research note on Thursday, August 7th. Wedbush lowered their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Needham & Company LLC upped their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Finally, Royal Bank Of Canada upped their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $103.06.

Uber Technologies Stock Down 1.6%

Uber Technologies stock opened at $97.78 on Wednesday. The stock has a market capitalization of $203.90 billion, a PE ratio of 16.66 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. 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 company has a 50 day moving average of $92.85 and a 200-day moving average of $85.70.

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

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.