Uber Technologies, Inc. $UBER Shares Purchased by Moran Wealth Management LLC

Moran Wealth Management LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 22.3% during the second quarter, Holdings Channel reports. The fund owned 40,823 shares of the ride-sharing company’s stock after acquiring an additional 7,454 shares during the quarter. Moran Wealth Management LLC’s holdings in Uber Technologies were worth $3,809,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares during the last quarter. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies during the first quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its position in Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. Northern Trust Corp boosted its position in Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after acquiring an additional 720,122 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company’s stock worth $995,801,000 after acquiring an additional 394,157 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Activity

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock worth $58,659,491 over the last three months. 3.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on UBER. KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research note on Monday, July 14th. Raymond James Financial increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Guggenheim began coverage on shares of Uber Technologies in a research note on Tuesday. They set a “buy” rating and a $140.00 price target on the stock. Mizuho began coverage on shares of Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. Finally, Royal Bank Of Canada increased their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $105.06.

Uber Technologies Stock Performance

Shares of UBER stock opened at $94.21 on Wednesday. The company’s fifty day simple moving average is $95.07 and its 200-day simple moving average is $88.19. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. 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 company has a market cap of $196.47 billion, a PE ratio of 16.05 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last issued its earnings results 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 business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.