D.A. Davidson & CO. Increases Stock Position in Uber Technologies, Inc. $UBER

Key Points

• D.A. Davidson & CO. has increased its stake in Uber Technologies, Inc. by 13.4%, owning 151,652 shares valued at approximately $14.15 million following the acquisition of an additional 17,872 shares in Q2.
• Insider transactions revealed significant sales, with CEO Dara Khosrowshahi selling 300,000 shares for about $28.61 million and insider Tony West selling 100,000 shares for about $10.03 million.
• Uber Technologies reported Q2 earnings of $0.63 per share, exceeding analyst expectations, and achieved revenue of $12.65 billion, marking an 18.2% increase compared to the same period last year.

D.A. Davidson & CO. lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 13.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,652 shares of the ride-sharing company's stock after acquiring an additional 17,872 shares during the quarter. D.A. Davidson & CO.'s holdings in Uber Technologies were worth $14,149,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. lifted its holdings in shares of Uber Technologies by 0.4% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 235,237 shares of the ride-sharing company's stock valued at $21,948,000 after acquiring an additional 978 shares in the last quarter. Sanders Morris Harris LLC acquired a new position in shares of Uber Technologies during the 2nd quarter valued at $2,986,000. IMG Wealth Management Inc. acquired a new position in shares of Uber Technologies during the 2nd quarter valued at $150,000. Lafayette Investments Inc. lifted its holdings in shares of Uber Technologies by 5.9% during the 2nd quarter. Lafayette Investments Inc. now owns 8,826 shares of the ride-sharing company's stock valued at $823,000 after acquiring an additional 488 shares in the last quarter. Finally, Divergent Planning LLC acquired a new position in shares of Uber Technologies during the 2nd quarter valued at $520,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares in the company, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of the company's stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares of the company's stock, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,946 shares of company stock worth $58,950,116 in the last quarter. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $92.11 on Thursday. 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, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm has a 50-day simple moving average of $95.33 and a 200 day simple moving average of $88.98. The company has a market cap of $192.09 billion, a PE ratio of 15.69 and a beta of 1.48.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on UBER. Canaccord Genuity Group reiterated 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. Needham & Company LLC boosted their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a report on Monday, July 14th. Weiss Ratings reiterated a "buy (b-)" rating on shares of Uber Technologies in a report on Tuesday, October 14th. Cowen reiterated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Stifel Nicolaus boosted their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $105.70.

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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