Burr Financial Services LLC Buys 54,863 Shares of Uber Technologies, Inc. $UBER

Key Points

• Burr Financial Services LLC increased its stake in Uber Technologies by 352.4%, acquiring an additional 54,863 shares worth $6.57 million, making it the company's 7th biggest position.
• Uber reported earnings of $0.63 per share for the last quarter, exceeding estimates, with revenue reaching $12.65 billion, a 18.2% increase year-over-year.
• Several analysts have raised their price targets for Uber, with the average target now at $103.06, reflecting a mostly Moderate Buy rating among the analysts covering the stock.

Burr Financial Services LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 352.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,433 shares of the ride-sharing company's stock after purchasing an additional 54,863 shares during the period. Uber Technologies makes up about 5.5% of Burr Financial Services LLC's investment portfolio, making the stock its 7th biggest position. Burr Financial Services LLC's holdings in Uber Technologies were worth $6,571,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. UMB Bank n.a. boosted its stake in Uber Technologies by 33.6% in the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock worth $890,000 after purchasing an additional 3,073 shares during the period. Geneos Wealth Management Inc. boosted its stake in shares of Uber Technologies by 805.4% during the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock worth $7,483,000 after buying an additional 91,362 shares during the last quarter. Revolve Wealth Partners LLC boosted its stake in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after buying an additional 6,129 shares during the last quarter. Davis Investment Partners LLC bought a new stake in shares of Uber Technologies in the 2nd quarter valued at about $435,000. Finally, GK Wealth Management LLC bought a new stake in shares of Uber Technologies in the 1st quarter valued at about $234,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Performance

NYSE UBER opened at $98.79 on Tuesday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $98.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $206.02 billion, a PE ratio of 16.83, a P/E/G ratio of 1.10 and a beta of 1.43. The company's 50 day simple moving average is $92.66 and its two-hundred day simple moving average is $84.87.

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

Analyst Ratings Changes

Several research analysts have weighed in on UBER shares. KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a "buy" rating in a research report on Friday, May 23rd. Raymond James Financial raised their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Finally, Wells Fargo & Company raised their price target on shares of Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a research note on Friday, September 5th. 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. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $103.06.

Insider Activity

In other news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total transaction of $296,875.00. Following the sale, the insider owned 170,269 shares of the company's stock, valued at approximately $16,175,555. The trade was a 1.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock worth $4,632,774 in the last quarter. Insiders own 3.70% of the company's stock.

Uber Technologies Company 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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