3,100 Shares in Uber Technologies, Inc. $UBER Bought by Novare Capital Management LLC

Key Points

• Novare Capital Management LLC acquired 3,100 shares of Uber Technologies, Inc. for approximately $289,000 in the second quarter, reflecting ongoing interest from institutional investors.
• Analysts have varied views on UBER, with price targets ranging from $84.00 to $117.00, while the overall consensus rating is "Moderate Buy" with a target price of $105.68.
• In the latest quarterly earnings report, Uber exceeded estimates with an EPS of $0.63 and a revenue of $12.65 billion, marking an 18.2% increase from the prior year.

Novare Capital Management LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,100 shares of the ride-sharing company's stock, valued at approximately $289,000.

Several other institutional investors have also bought and sold shares of UBER. Vision Financial Markets LLC bought a new stake in Uber Technologies during the first quarter worth $27,000. West Oak Capital LLC bought a new stake in Uber Technologies during the second quarter worth $28,000. Truvestments Capital LLC grew its holdings in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies during the second quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new position in Uber Technologies in the 1st quarter valued at $31,000. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Sanford C. Bernstein upped their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Guggenheim upgraded Uber Technologies to a "strong-buy" rating in a research note on Wednesday. UBS Group upped their price objective on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Finally, Susquehanna upped their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $105.68.

Uber Technologies Stock Down 0.2%

UBER stock opened at $92.29 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $192.47 billion, a price-to-earnings ratio of 15.72 and a beta of 1.48. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The stock has a fifty day moving average of $95.22 and a 200-day moving average of $88.60.

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 analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction dated 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 sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock worth $58,659,491 in the last three months. 3.84% of the stock is currently owned by corporate insiders.

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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