B & T Capital Management DBA Alpha Capital Management Purchases New Stake in Uber Technologies, Inc. $UBER

Key Points

• B & T Capital Management has purchased a new stake in Uber Technologies, acquiring 35,241 shares valued at approximately $3.29 million in the 2nd quarter.
• Multiple analysts have raised their price targets for Uber, with Bank of America setting a new target of $115 and a "buy" rating.
• Uber reported a 18.2% increase in quarterly revenue year-over-year, with earnings per share of $0.63, beating estimates by $0.02.

B & T Capital Management DBA Alpha Capital Management 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 13F filing with the SEC. The firm purchased 35,241 shares of the ride-sharing company's stock, valued at approximately $3,288,000.

A number of other hedge funds also recently modified their holdings of the stock. West Oak Capital LLC bought a new position in Uber Technologies during the second quarter valued at $28,000. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies during the 2nd quarter worth $30,000. Vision Financial Markets LLC purchased a new stake in Uber Technologies in the 1st quarter worth about $27,000. Truvestments Capital LLC boosted its position 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 purchasing an additional 339 shares during the period. Finally, REAP Financial Group LLC boosted its position in Uber Technologies by 158.2% during the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company's stock worth $38,000 after purchasing an additional 250 shares during the period. Institutional investors own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the topic of a number of recent research reports. Bank of America upped their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Raymond James Financial raised 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. JPMorgan Chase & Co. boosted their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. 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. Finally, Piper Sandler lifted their target price on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and an average target price of $105.91.

Uber Technologies Stock Performance

Shares of UBER opened at $94.09 on Friday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. 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 company has a market cap of $196.21 billion, a PE ratio of 16.03 and a beta of 1.48. The stock has a 50-day moving average price of $95.42 and a 200-day moving average price of $89.38.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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 net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the firm posted $0.47 earnings per share. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. As a group, equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% 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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