Uber Technologies, Inc. $UBER Shares Purchased by Joseph P. Lucia & Associates LLC

Joseph P. Lucia & Associates LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 3.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,678 shares of the ride-sharing company’s stock after buying an additional 628 shares during the period. Joseph P. Lucia & Associates LLC’s holdings in Uber Technologies were worth $1,649,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Nova Wealth Management Inc. increased its holdings in shares of Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 125 shares during the period. Atticus Wealth Management LLC increased its holdings in shares of Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 127 shares during the period. Forum Financial Management LP increased its holdings in shares of Uber Technologies by 1.3% during the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after purchasing an additional 136 shares during the period. CBIZ Investment Advisory Services LLC increased its holdings in shares of Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock valued at $34,000 after purchasing an additional 138 shares during the period. Finally, Rogco LP increased its holdings in shares of Uber Technologies by 1.6% during the second quarter. Rogco LP now owns 8,925 shares of the ride-sharing company’s stock valued at $833,000 after purchasing an additional 139 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Trading Down 0.2%

Shares of NYSE UBER opened at $92.29 on Friday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The firm has a market capitalization of $192.47 billion, a PE ratio of 15.72 and a beta of 1.48. 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 business has a 50-day moving average price of $95.22 and a two-hundred day moving average price of $88.60.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share 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 during the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the business earned $0.47 EPS. The business’s quarterly revenue was up 18.2% on a year-over-year basis. As a group, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies 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 transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 601,821 shares of company stock worth $58,659,491. 3.84% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on UBER. Morgan Stanley reissued an “overweight” rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Cowen reissued a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. Wells Fargo & Company decreased 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. Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, Wedbush decreased their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.68.

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.