Newman Dignan & Sheerar Inc. Invests $233,000 in Uber Technologies, Inc. $UBER

Newman Dignan & Sheerar Inc. bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent 13F filing with the SEC. The fund bought 2,494 shares of the ride-sharing company’s stock, valued at approximately $233,000.

A number of other large investors have also recently made changes to their positions in UBER. Kozak & Associates Inc. boosted its stake in shares of 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 purchased a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the 1st quarter worth about $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth about $28,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of 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. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Shares of UBER opened at $96.51 on Friday. The company has a 50 day moving average price of $93.83 and a 200-day moving average price of $86.87. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The stock has a market capitalization of $201.27 billion, a PE ratio of 16.44 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping 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 firm 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 EPS. The company’s revenue was up 18.2% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UBER. Mizuho began coverage on shares of Uber Technologies in a research note on Monday. They set an “outperform” rating and a $130.00 price target for the company. Susquehanna lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Canaccord Genuity Group reissued a “hold” rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $104.09.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 604,571 shares of company stock worth $58,920,741. Insiders own 3.84% of the company’s stock.

Uber Technologies 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.