RFG Advisory LLC Has $1.93 Million Stock Position in Uber Technologies, Inc. $UBER

RFG Advisory LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER) by 37.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 20,714 shares of the ride-sharing company’s stock after buying an additional 5,662 shares during the period. RFG Advisory LLC’s holdings in Uber Technologies were worth $1,933,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vision Financial Markets LLC bought a new position in Uber Technologies in the first quarter worth $27,000. West Oak Capital LLC bought a new position in Uber Technologies in the second quarter worth $28,000. Truvestments Capital LLC lifted its position in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the period. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the second quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies in the first quarter worth $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 601,821 shares of company stock valued at $58,659,491 in the last 90 days. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently commented on UBER. Raymond James Financial raised their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Sanford C. Bernstein raised their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Bank of America raised their target price on Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and ten have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $105.06.

Uber Technologies Stock Up 0.3%

Shares of NYSE UBER opened at $94.58 on Thursday. The stock has a market cap of $197.24 billion, a PE ratio of 16.11 and a beta of 1.48. The business has a fifty day moving average of $95.17 and a two-hundred day moving average of $88.23. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. 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 earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the company posted $0.47 earnings per share. The firm’s quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.