Uber Technologies, Inc. $UBER Shares Acquired by Accuvest Global Advisors

Accuvest Global Advisors boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 123.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 35,792 shares of the ride-sharing company’s stock after purchasing an additional 19,743 shares during the quarter. Uber Technologies makes up approximately 2.2% of Accuvest Global Advisors’ holdings, making the stock its 19th largest position. Accuvest Global Advisors’ holdings in Uber Technologies were worth $3,339,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in Uber Technologies during the 1st quarter valued at approximately $27,000. West Oak Capital LLC acquired a new position in Uber Technologies during the 2nd quarter valued at approximately $28,000. Truvestments Capital LLC boosted its position in Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares during the period. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies during the 2nd quarter valued at approximately $30,000. Finally, Ransom Advisory Ltd acquired a new position in Uber Technologies during the 1st quarter valued at approximately $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction on 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 owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Up 0.2%

UBER opened at $96.71 on Friday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The stock’s fifty day moving average is $95.56 and its 200-day moving average is $90.50. The company has a market capitalization of $201.68 billion, a PE ratio of 16.48 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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 return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the business earned $0.47 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UBER. Susquehanna boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. KeyCorp lifted their target price on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $108.00 target price on shares of Uber Technologies in a research note on Wednesday. Wells Fargo & Company cut their target price on Uber Technologies from $127.00 to $125.00 and set an “overweight” rating on the stock in a research note on Friday, October 3rd. Finally, Mizuho started coverage on Uber Technologies in a research note on Monday, September 29th. They set an “outperform” rating and a $130.00 target price on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $106.82.

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.