2,698 Shares in Uber Technologies, Inc. $UBER Bought by Braun Bostich & Associates Inc.

Key Points

• Braun Bostich & Associates Inc. has acquired 2,698 shares of Uber Technologies, valued at approximately $252,000, according to a 13F filing with the SEC.
• Uber Technologies reported $0.63 earnings per share for the last quarter, exceeding analysts' expectations, with a revenue of $12.65 billion, an 18.2% increase year-over-year.
• Analysts have positive outlooks, with Barclays and Bank of America issuing price targets of $110.00 and $115.00, respectively, signaling a strong buy sentiment for Uber's stock.

Braun Bostich & Associates Inc. purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,698 shares of the ride-sharing company's stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of UBER. Brighton Jones LLC grew its position in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Uber Technologies during the 4th quarter valued at about $395,000. Bison Wealth LLC boosted its position in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after acquiring an additional 641 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its position in Uber Technologies by 52.0% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 76,618 shares of the ride-sharing company's stock valued at $4,622,000 after buying an additional 26,197 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Trading Up 1.3%

Shares of NYSE UBER opened at $95.90 on Monday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71. The company has a market cap of $199.99 billion, a PE ratio of 16.34, a P/E/G ratio of 1.10 and a beta of 1.43. 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 company has a 50-day moving average of $92.62 and a two-hundred day moving average of $84.71.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its 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. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on UBER shares. Barclays restated an "overweight" rating and issued a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Morgan Stanley restated an "overweight" rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Wedbush reduced their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, Bank of America boosted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. One analyst has 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. Based on data from MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $103.06.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 48,696 shares of company stock valued at $4,632,774. 3.70% of the stock is currently owned by corporate 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.