2,747 Shares in Uber Technologies, Inc. $UBER Bought by Palumbo Wealth Management LLC

Key Points

• Palumbo Wealth Management LLC acquired 2,747 shares of Uber Technologies, valued at approximately $256,000 in the second quarter.
• Insider trading activity included Jill Hazelbaker selling 31,250 shares for over $3 million and Nikki Krishnamurthy selling 11,571 shares worth over $1 million.
• Uber reported a quarterly earnings per share (EPS) of $0.63, surpassing analysts' expectations, with revenues reaching $12.65 billion.

Palumbo Wealth Management LLC purchased a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,747 shares of the ride-sharing company's stock, valued at approximately $256,000.

A number of other large investors have also recently bought and sold shares of UBER. Pershing Square Capital Management L.P. bought a new position in Uber Technologies in the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its holdings in shares of 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. increased its stake in shares of 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 during the last quarter. Vanguard Group Inc. raised its holdings in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Finally, Boston Partners lifted its position in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after buying an additional 2,749,456 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Jill Hazelbaker sold 31,250 shares of the company'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 transaction, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction that occurred on Friday, August 15th. The stock was 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 in the company, 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 ninety days, insiders have sold 604,571 shares of company stock valued at $58,920,741. Corporate insiders own 3.84% of the company's stock.

Uber Technologies Trading Down 0.1%

NYSE UBER opened at $97.70 on Thursday. The stock has a market capitalization of $203.75 billion, a P/E ratio of 16.64 and a beta of 1.43. The business has a 50 day simple moving average of $92.99 and a 200 day simple moving average of $85.78. 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.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) 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 firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same period in the prior year, the business earned $0.47 EPS. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on UBER shares. Cowen reiterated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. 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 report on Monday, July 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Wells Fargo & Company raised their target price on shares of Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Finally, Royal Bank Of Canada upped their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $103.06.

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.

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