Uber Technologies, Inc. $UBER Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,439 shares of the ride-sharing company’s stock after acquiring an additional 1,695 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Uber Technologies were worth $1,254,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Nova Wealth Management Inc. lifted its holdings in Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Atticus Wealth Management LLC lifted its holdings in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after acquiring an additional 127 shares during the period. Forum Financial Management LP lifted its holdings in Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after acquiring an additional 136 shares during the period. Crewe Advisors LLC lifted its holdings in Uber Technologies by 18.6% in the second quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock valued at $82,000 after acquiring an additional 137 shares during the period. Finally, CBIZ Investment Advisory Services LLC raised its stake in shares of Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock worth $34,000 after buying an additional 138 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 2.6%

Shares of UBER opened at $96.47 on Tuesday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a market capitalization of $201.18 billion, a PE ratio of 16.43 and a beta of 1.48. The stock has a fifty day simple moving average of $95.48 and a two-hundred day simple moving average of $89.84. 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 earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (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 business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the company earned $0.47 EPS. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on UBER. Wall Street Zen downgraded Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Susquehanna upped their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a research note on Thursday, August 7th. Wells Fargo & Company reduced their target price on Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research note on Friday, October 3rd. Royal Bank Of Canada upped their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Guggenheim raised Uber Technologies to a “strong-buy” rating in a research note on Wednesday, October 15th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.91.

Insiders Place Their Bets

In related news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the completion of the sale, the insider directly owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. This trade represents a 1.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president directly 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 ninety days, insiders sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is currently owned by company insiders.

Uber Technologies Company 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.