Almanack Investment Partners LLC. Takes $238,000 Position in Uber Technologies, Inc. $UBER

Almanack Investment Partners LLC. purchased a new stake in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,556 shares of the ride-sharing company’s stock, valued at approximately $238,000.

Other hedge funds have also added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. West Oak Capital LLC acquired a new stake in Uber Technologies during the 2nd quarter worth 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 worth $30,000 after buying an additional 339 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in Uber Technologies during the 2nd quarter worth approximately $30,000. Finally, Ransom Advisory Ltd acquired a new stake in Uber Technologies during the 1st quarter worth approximately $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

UBER has been the topic of several recent research reports. UBS Group lifted their target price on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. KeyCorp boosted their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Cantor Fitzgerald restated an “overweight” rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Roth Capital boosted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada boosted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.03.

Uber Technologies Stock Performance

NYSE:UBER opened at $94.14 on Tuesday. The company has a fifty day moving average of $94.98 and a 200-day moving average of $88.15. The firm has a market capitalization of $196.32 billion, a P/E ratio of 16.04 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 twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data 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. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.47 EPS. As a group, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock worth $58,659,491 over the last ninety days. 3.70% of the stock is 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.