TFC Financial Management Inc. Has $67,000 Stake in Uber Technologies, Inc. $UBER

TFC Financial Management Inc. grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 277.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 720 shares of the ride-sharing company’s stock after buying an additional 529 shares during the quarter. TFC Financial Management Inc.’s holdings in Uber Technologies were worth $67,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in UBER. Brighton Jones LLC lifted its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Bison Wealth LLC lifted its holdings in shares of 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 buying an additional 641 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Uber Technologies by 319.6% during the 1st quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock valued at $1,658,000 after buying an additional 17,330 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Uber Technologies by 44.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 217,196 shares of the ride-sharing company’s stock valued at $15,825,000 after buying an additional 66,783 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Down 2.2%

Shares of UBER stock opened at $92.47 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The firm has a market cap of $192.84 billion, a PE ratio of 15.75 and a beta of 1.48. The stock has a 50 day moving average of $95.17 and a 200-day moving average of $88.37. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping 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 in the previous year, the company earned $0.47 earnings per share. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on UBER shares. Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Uber Technologies in a research report on Tuesday. Susquehanna upped their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research report on Thursday, August 7th. Finally, Raymond James Financial upped 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. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.68.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 601,821 shares of company stock valued at $58,659,491. 3.84% of the stock is owned by corporate insiders.

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.