LJI Wealth Management LLC Boosts Stock Position in Uber Technologies, Inc. $UBER

LJI Wealth Management LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 86.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,522 shares of the ride-sharing company’s stock after acquiring an additional 9,975 shares during the period. LJI Wealth Management LLC’s holdings in Uber Technologies were worth $2,008,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Asset Management One Co. Ltd. raised its stake in shares of Uber Technologies by 10.9% during the 2nd quarter. Asset Management One Co. Ltd. now owns 916,930 shares of the ride-sharing company’s stock worth $85,550,000 after buying an additional 90,083 shares in the last quarter. R Squared Ltd purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $612,000. AlTi Global Inc. raised its stake in shares of Uber Technologies by 1.7% during the 2nd quarter. AlTi Global Inc. now owns 513,209 shares of the ride-sharing company’s stock worth $47,919,000 after buying an additional 8,453 shares in the last quarter. Cardinal Point Capital Management ULC raised its stake in shares of Uber Technologies by 1.5% during the 2nd quarter. Cardinal Point Capital Management ULC now owns 13,425 shares of the ride-sharing company’s stock worth $1,253,000 after buying an additional 200 shares in the last quarter. Finally, Guardian Asset Advisors LLC raised its stake in shares of Uber Technologies by 22.1% during the 2nd quarter. Guardian Asset Advisors LLC now owns 11,600 shares of the ride-sharing company’s stock worth $1,082,000 after buying an additional 2,100 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $94.57 on Friday. The company has a market cap of $197.21 billion, a P/E ratio of 16.11 and a beta of 1.48. 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, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business has a fifty day simple moving average of $95.40 and a 200-day simple moving average of $89.18.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.47 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, July 11th. Guggenheim upgraded Uber Technologies to a “strong-buy” rating in a report on Wednesday, October 15th. Royal Bank Of Canada upped their price target on Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Mizuho initiated coverage on Uber Technologies in a report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price target on the stock. Finally, Barclays reiterated an “overweight” rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Three investment 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. Based on data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $105.70.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The stock was 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 $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies 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 sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 604,946 shares of company stock valued at $58,950,116. 3.84% of the stock is currently owned by company insiders.

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.