174,764 Shares in Uber Technologies, Inc. $UBER Purchased by Hartline Investment Corp

Key Points

• Hartline Investment Corp has purchased 174,764 shares in Uber Technologies, valued at approximately $16.3 million, making Uber 1.9% of its total holdings.
• Uber Technologies reported a 12-month revenue increase of 18.2%, achieving $0.63 earnings per share for the quarter, exceeding analysts' expectations.
• Several brokerage firms have updated their price targets for Uber, with BMO Capital Markets raising theirs to $113.00 and Roth Capital to $110.00, reflecting positive analyst sentiment.

Hartline Investment Corp purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 174,764 shares of the ride-sharing company's stock, valued at approximately $16,305,000. Uber Technologies comprises approximately 1.9% of Hartline Investment Corp's holdings, making the stock its 17th biggest position.

A number of other institutional investors also recently added to or reduced their stakes in UBER. Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies in the 1st quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its holdings in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after purchasing an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. boosted its holdings in 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 in the last quarter. Finally, Nordea Investment Management AB boosted its holdings in Uber Technologies by 105.9% in the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company's stock valued at $506,618,000 after purchasing an additional 2,807,967 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

UBER stock opened at $92.29 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a market cap of $192.47 billion, a price-to-earnings ratio of 15.72 and a beta of 1.48. The firm has a 50 day moving average of $95.22 and a 200-day moving average of $88.50.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm posted $0.47 EPS. The company's quarterly revenue was up 18.2% compared to the same quarter last year. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In related news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies 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 owned 1,132,544 shares of the company's stock, valued at $108,010,721.28. This represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 601,821 shares of company stock worth $58,659,491. 3.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on UBER. BMO Capital Markets lifted their price objective on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Piper Sandler lifted their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Finally, Guggenheim upgraded shares of Uber Technologies to a "strong-buy" rating in a research report on Wednesday. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $105.68.

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.

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