James Investment Research Inc. Makes New $660,000 Investment in Uber Technologies, Inc. $UBER

James Investment Research Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,079 shares of the ride-sharing company’s stock, valued at approximately $660,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vision Financial Markets LLC acquired a new position in Uber Technologies in the first quarter worth $27,000. West Oak Capital LLC acquired a new position in Uber Technologies in the second quarter worth $28,000. Truvestments Capital LLC boosted its stake in Uber Technologies by 498.5% in 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 in the last quarter. Trust Co. of Toledo NA OH acquired a new position in shares of Uber Technologies during the second quarter valued at $30,000. Finally, Ransom Advisory Ltd acquired a new position in shares of Uber Technologies during the first quarter valued at $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the 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 completion of the sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the sale, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 604,946 shares of company stock valued at $58,950,116. Corporate insiders own 3.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on UBER. Wall Street Zen lowered Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. BMO Capital Markets upped their price target on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Royal Bank Of Canada upped their price target on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research note on Thursday, August 7th. Susquehanna upped their price target on Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Finally, UBS Group upped their price target on Uber Technologies from $117.00 to $124.00 and gave the company a “buy” rating in a research note on Tuesday. Three 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 company’s stock. According to MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Uber Technologies Trading Down 0.9%

NYSE:UBER opened at $95.55 on Wednesday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The business’s 50-day moving average price is $95.48 and its two-hundred day moving average price is $90.01. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $199.27 billion, a price-to-earnings ratio of 16.28 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The company’s quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

About Uber Technologies

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.