Bogart Wealth LLC Buys 149 Shares of Uber Technologies, Inc. $UBER

Bogart Wealth LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBERFree Report) by 0.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 91,699 shares of the ride-sharing company’s stock after acquiring an additional 149 shares during the quarter. Bogart Wealth LLC’s holdings in Uber Technologies were worth $8,556,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. West Oak Capital LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the 2nd quarter valued at $30,000. Vision Financial Markets LLC bought a new stake in Uber Technologies during the 1st quarter valued at $27,000. Truvestments Capital LLC raised its holdings in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after buying an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC raised its holdings in Uber Technologies by 158.2% during the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after buying an additional 250 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Down 0.2%

NYSE:UBER opened at $92.29 on Monday. The firm’s 50-day moving average price is $95.22 and its 200-day moving average price is $88.73. The company has a market capitalization of $192.47 billion, a PE ratio of 15.72 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBERGet Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping 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 firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the firm earned $0.47 EPS. The company’s 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 fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UBER shares. Morgan Stanley reiterated an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Needham & Company LLC upped their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a “buy” rating in a report on Monday, July 14th. Canaccord Genuity Group reiterated a “hold” rating and set a $84.00 price target (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Cantor Fitzgerald reiterated an “overweight” rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Finally, KeyCorp upped their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $105.68.

Read Our Latest Research Report on UBER

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly 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 SEC, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 601,821 shares of company stock worth $58,659,491 in the last ninety days. 3.70% of the stock is currently owned by company insiders.

About Uber Technologies

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBERFree Report).

Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

Receive News & Ratings for Uber Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Uber Technologies and related companies with MarketBeat.com's FREE daily email newsletter.