Baxter Bros Inc. Buys 5,361 Shares of Uber Technologies, Inc. $UBER

Baxter Bros Inc. raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 15.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,017 shares of the ride-sharing company's stock after buying an additional 5,361 shares during the period. Baxter Bros Inc.'s holdings in Uber Technologies were worth $3,827,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kozak & Associates Inc. raised its holdings in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new position in Uber Technologies during the first quarter valued at about $27,000. Vision Financial Markets LLC bought a new position in Uber Technologies during the first quarter valued at about $27,000. West Oak Capital LLC bought a new position in Uber Technologies during the second quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. BMO Capital Markets raised their target price on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Wedbush lowered their price target on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research report on Thursday, August 7th. Finally, Roth Capital raised their price target on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $104.03.

Uber Technologies Stock Up 1.6%

UBER stock opened at $99.32 on Thursday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a market cap of $207.12 billion, a PE ratio of 16.92 and a beta of 1.48. The business's 50-day simple moving average is $94.57 and its 200 day simple moving average is $87.55. 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 released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping 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 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 business earned $0.47 earnings per share. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, research analysts anticipate 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, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares of the company's stock, valued at $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated 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 transaction, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock valued at $58,659,491 over the last quarter. Company 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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