2,832 Shares in Uber Technologies, Inc. $UBER Bought by Patton Fund Management Inc.

Key Points

• Patton Fund Management Inc. acquired 2,832 shares of Uber Technologies, valued at approximately $264,000, marking a new position in the company.
• Uber Technologies reported a quarterly revenue of $12.65 billion, exceeding analysts' expectations, with earnings per share at $0.63.
• Institutional investors now hold 80.24% of Uber's stock, highlighting strong confidence in the company’s performance and future growth potential.

Patton Fund Management Inc. acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,832 shares of the ride-sharing company's stock, valued at approximately $264,000.

Several other institutional investors also recently bought and sold shares of UBER. Pershing Square Capital Management L.P. bought a new position in Uber Technologies during the first quarter valued at about $2,207,743,000. Kingstone Capital Partners Texas LLC raised its holdings in 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 valued at $1,863,545,000 after buying an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. raised its holdings in 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 valued at $473,456,000 after buying an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. raised its holdings in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Finally, Boston Partners raised its holdings in Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after buying an additional 2,749,456 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 0.8%

NYSE UBER opened at $98.37 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. The stock's 50 day moving average is $93.29 and its two-hundred day moving average is $86.24. The company has a market capitalization of $205.14 billion, a price-to-earnings ratio of 16.76 and a beta of 1.43. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The company's quarterly revenue was up 18.2% on a year-over-year basis. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares of the company's stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,571 shares of company stock valued at $58,920,741 in the last ninety days. 3.84% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on UBER shares. Wells Fargo & Company raised their price target on Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Sanford C. Bernstein raised their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Susquehanna raised their price target on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. Finally, KeyCorp raised their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $103.30.

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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