Western Wealth Management LLC Grows Stock Holdings in Uber Technologies, Inc. $UBER

Western Wealth Management LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 74.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,516 shares of the ride-sharing company’s stock after buying an additional 10,854 shares during the period. Western Wealth Management LLC’s holdings in Uber Technologies were worth $2,381,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in UBER. Pershing Square Capital Management L.P. purchased a new position in Uber Technologies in the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC grew its holdings in shares of Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the period. Finally, Nordea Investment Management AB grew its stake in Uber Technologies by 105.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after buying an additional 2,807,967 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction 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 approximately $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $94.41, for a total value of $519,255.00. Following the completion of the transaction, the chief financial officer owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 598,875 shares of company stock worth $58,407,848 over the last ninety days. 3.70% of the stock is owned by insiders.

Uber Technologies Trading Up 0.7%

Shares of Uber Technologies stock opened at $92.22 on Monday. The firm has a market cap of $191.62 billion, a PE ratio of 11.89 and a beta of 1.46. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The business’s fifty day moving average is $95.50 and its two-hundred day moving average is $91.82.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The firm had revenue of $13.47 billion during the quarter, compared to the consensus estimate of $13.25 billion. During the same period in the previous year, the firm earned $1.20 earnings per share. Uber Technologies’s revenue was up 20.4% compared to the same quarter last year. Analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UBER. Stifel Nicolaus set a $122.00 price objective on Uber Technologies in a report on Tuesday, November 4th. Piper Sandler set a $107.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Susquehanna reaffirmed a “positive” rating and set a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday, November 5th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research note on Tuesday, November 11th. Finally, Morgan Stanley reaffirmed 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. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average target price of $108.26.

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.