Uber Technologies, Inc. $UBER Holdings Boosted by Warther Private Wealth LLC

Warther Private Wealth LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 263,969 shares of the ride-sharing company’s stock after purchasing an additional 5,657 shares during the quarter. Uber Technologies makes up about 6.4% of Warther Private Wealth LLC’s holdings, making the stock its 8th largest position. Warther Private Wealth LLC’s holdings in Uber Technologies were worth $24,628,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the first quarter worth about $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the second quarter worth about $28,000. Truvestments Capital LLC grew its holdings in shares of Uber Technologies by 498.5% during 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 last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies during the second quarter worth about $30,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Uber Technologies during the first quarter worth about $31,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UBER has been the subject of several recent research reports. Wells Fargo & Company decreased their target price on shares of Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Morgan Stanley reissued 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. Barclays reissued an “overweight” rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Bank of America increased their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a report on Tuesday, July 8th. Finally, Canaccord Genuity Group reissued 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. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $105.70.

Uber Technologies Trading Down 1.0%

Shares of UBER opened at $92.11 on Thursday. 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 50 day simple moving average of $95.33 and a 200-day simple moving average of $88.98. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The stock has a market cap of $192.09 billion, a price-to-earnings ratio of 15.69 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data 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 business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period last year, the company posted $0.47 EPS. The company’s revenue was up 18.2% on a year-over-year basis. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies 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.