Total Clarity Wealth Management Inc. Invests $216,000 in Uber Technologies, Inc. $UBER

Total Clarity Wealth Management Inc. acquired a new position in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, Holdings Channel reports. The institutional investor acquired 2,315 shares of the ride-sharing company’s stock, valued at approximately $216,000.

Other institutional investors have also made changes to their positions in the company. Vest Financial LLC increased its stake in Uber Technologies by 39.3% during the second quarter. Vest Financial LLC now owns 33,817 shares of the ride-sharing company’s stock valued at $3,155,000 after acquiring an additional 9,534 shares during the period. Lion Street Advisors LLC bought a new position in Uber Technologies during the second quarter valued at about $238,000. Griffin Asset Management Inc. increased its stake in Uber Technologies by 7.3% during the second quarter. Griffin Asset Management Inc. now owns 52,817 shares of the ride-sharing company’s stock valued at $4,928,000 after acquiring an additional 3,575 shares during the period. Cypress Capital Group bought a new position in Uber Technologies during the second quarter valued at about $221,000. Finally, Allspring Global Investments Holdings LLC increased its stake in Uber Technologies by 11.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 737,202 shares of the ride-sharing company’s stock valued at $67,918,000 after acquiring an additional 73,930 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock worth $58,659,491 over the last ninety days. 3.70% of the stock is owned by insiders.

Uber Technologies Stock Up 0.1%

Shares of UBER opened at $94.21 on Wednesday. The company has a market capitalization of $196.47 billion, a P/E ratio of 16.05 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The business’s 50 day simple moving average is $95.07 and its 200-day simple moving average is $88.19.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for 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%.Uber Technologies’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. As a group, sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on UBER shares. Guggenheim started coverage on Uber Technologies in a research note on Tuesday. They set a “buy” rating and a $140.00 price target on the stock. Piper Sandler boosted their price target on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. JPMorgan Chase & Co. boosted their price target on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Cowen restated a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Finally, Sanford C. Bernstein upped their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.06.

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.