Atwood & Palmer Inc. Has $16.33 Million Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Atwood & Palmer Inc. increased its stock holdings in Uber Technologies by 2.6%, owning 175,070 shares worth approximately $16.33 million as of its latest SEC filing.
• Uber's latest quarterly earnings report showed an EPS of $0.63, surpassing estimates, with a revenue of $12.65 billion, marking an 18.2% increase from the previous year.
• Insider trading activity included the sale of 31,250 shares by Jill Hazelbaker, which represents a 26.53% decrease in her ownership, alongside other lesser sales by company executives.

Atwood & Palmer Inc. grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,070 shares of the ride-sharing company's stock after purchasing an additional 4,480 shares during the quarter. Atwood & Palmer Inc.'s holdings in Uber Technologies were worth $16,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Atlas Brown Inc. acquired a new position in shares of Uber Technologies in the 2nd quarter valued at about $205,000. Webster Bank N. A. lifted its stake in shares of Uber Technologies by 2.0% in the 2nd quarter. Webster Bank N. A. now owns 44,544 shares of the ride-sharing company's stock valued at $4,156,000 after purchasing an additional 875 shares during the period. Paladin Wealth LLC acquired a new position in shares of Uber Technologies in the 2nd quarter valued at about $577,000. RMR Wealth Builders lifted its stake in shares of Uber Technologies by 9.4% in the 2nd quarter. RMR Wealth Builders now owns 24,250 shares of the ride-sharing company's stock valued at $2,263,000 after purchasing an additional 2,083 shares during the period. Finally, Goldstone Financial Group LLC raised its stake in Uber Technologies by 24.4% during the 2nd quarter. Goldstone Financial Group LLC now owns 6,186 shares of the ride-sharing company's stock worth $579,000 after buying an additional 1,214 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $95.90 on Monday. The company has a market cap of $199.99 billion, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The business has a 50 day moving average price of $92.62 and a 200-day moving average price of $84.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 earnings per share. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Cantor Fitzgerald reiterated an "overweight" rating and issued a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Stifel Nicolaus increased their price target on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Raymond James Financial increased their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a report on Thursday, August 7th. Loop Capital reiterated a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Finally, KeyCorp increased their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. One investment 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's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the 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 completion of 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 48,696 shares of company stock valued at $4,632,774. Insiders own 3.70% of the company's stock.

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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