Abner Herrman & Brock LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 38,473 shares of the ride-sharing company's stock, valued at approximately $3,590,000.
A number of other hedge funds have also made changes to their positions in UBER. Brighton Jones LLC lifted its position in shares of Uber Technologies by 3.4% in the fourth 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 in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies in the fourth quarter worth approximately $395,000. Bison Wealth LLC lifted its position in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after purchasing an additional 641 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in shares of Uber Technologies by 16.6% in the fourth quarter. ProShare Advisors LLC now owns 346,654 shares of the ride-sharing company's stock worth $20,910,000 after purchasing an additional 49,243 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other news, 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 sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. This 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 have sold 48,696 shares of company stock worth $4,632,774. 3.84% of the stock is currently owned by company insiders.
Uber Technologies Trading Up 1.3%
Shares of UBER stock opened at $95.90 on Friday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The business's 50 day moving average is $92.62 and its two-hundred day moving average is $84.64. The company has a market cap of $199.99 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.09 and a beta of 1.43.
Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating 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 company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the company posted $0.47 earnings per share. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. Equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on UBER. BMO Capital Markets increased their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. KeyCorp increased their price objective on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Bank of America increased their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. UBS Group increased their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Finally, 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 report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $103.06.
Check Out Our Latest Research Report on Uber Technologies
About Uber Technologies
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER - Free Report).
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