Bleakley Financial Group LLC Grows Holdings in Uber Technologies, Inc. $UBER

Bleakley Financial Group LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 7.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,724 shares of the ride-sharing company’s stock after acquiring an additional 3,260 shares during the quarter. Bleakley Financial Group LLC’s holdings in Uber Technologies were worth $4,546,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of UBER. Vision Financial Markets LLC purchased a new position in Uber Technologies during the first quarter worth approximately $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Truvestments Capital LLC raised its stake in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies during the 2nd quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd acquired a new stake in Uber Technologies in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 2.6%

Shares of UBER opened at $94.57 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 capitalization of $197.21 billion, a P/E ratio of 16.11 and a beta of 1.48. The firm has a 50-day moving average price of $95.40 and a 200 day moving average price of $89.18. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its 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 net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. Uber Technologies’s quarterly revenue was up 18.2% compared to the same quarter last year. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on UBER shares. Sanford C. Bernstein reiterated an “outperform” rating and issued a $110.00 target price on shares of Uber Technologies in a research report on Tuesday. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group raised their target price on Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. Mizuho initiated coverage on Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target for the company. Finally, Stifel Nicolaus upped their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $105.70.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares of the company’s stock, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was 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 owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 604,946 shares of company stock worth $58,950,116. Insiders own 3.84% of the company’s stock.

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.