Argus Investors Counsel Inc. Takes Position in Uber Technologies, Inc. $UBER

Argus Investors Counsel Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 8,662 shares of the ride-sharing company’s stock, valued at approximately $808,000.

Several other large investors have also added to or reduced their stakes in UBER. Brighton Jones LLC increased its position in shares of Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the last quarter. Bison Wealth LLC raised its position in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock valued at $229,000 after purchasing an additional 641 shares during the last quarter. Versant Capital Management Inc grew its holdings in shares of Uber Technologies by 251.3% during the 1st quarter. Versant Capital Management Inc now owns 4,398 shares of the ride-sharing company’s stock worth $320,000 after acquiring an additional 3,146 shares during the period. Finally, Moody National Bank Trust Division grew its stake in shares of Uber Technologies by 6.0% in the 1st quarter. Moody National Bank Trust Division now owns 19,166 shares of the ride-sharing company’s stock worth $1,396,000 after buying an additional 1,085 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the sale, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 604,571 shares of company stock worth $58,920,741. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 0.8%

Shares of UBER stock opened at $98.37 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $205.14 billion, a P/E ratio of 16.76 and a beta of 1.43. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The firm’s fifty day moving average price is $93.29 and its two-hundred day moving average price is $86.24.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $12.45 billion. During the same period in the prior year, the firm posted $0.47 EPS. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on UBER. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $84.00 target price (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Wells Fargo & Company raised their price target on shares of Uber Technologies from $119.00 to $127.00 and gave the company an “overweight” rating in a research note on Friday, September 5th. Bank of America boosted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research note on Tuesday, July 8th. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.30.

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.