Uber Technologies, Inc. $UBER Stock Position Boosted by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.3% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,122 shares of the ride-sharing company’s stock after buying an additional 262 shares during the period. Checchi Capital Advisers LLC’s holdings in Uber Technologies were worth $758,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Kozak & Associates Inc. boosted its position 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 valued at $27,000 after purchasing an additional 223 shares in the last quarter. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the first quarter valued at approximately $27,000. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the first quarter valued at approximately $27,000. West Oak Capital LLC bought a new stake in Uber Technologies during the second quarter worth approximately $28,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 299 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In related news, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock valued at $58,659,491 over the last ninety days. Insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on UBER. Morgan Stanley restated an “overweight” rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. BMO Capital Markets raised their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Cantor Fitzgerald restated an “overweight” rating and set a $106.00 target price (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Mizuho initiated coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price for the company. Finally, Roth Capital upped their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Two research analysts have 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $104.03.

Uber Technologies Price Performance

NYSE UBER opened at $96.53 on Monday. The company has a 50 day simple moving average of $93.93 and a 200-day simple moving average of $87.23. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $201.30 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (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 analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm’s revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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.