Divergent Planning LLC Invests $520,000 in Uber Technologies, Inc. $UBER

Key Points

• Divergent Planning LLC has made a significant investment of approximately $520,000 in Uber Technologies, acquiring 5,572 shares during the second quarter.
• Several institutional investors are actively trading Uber shares, with ownership now at 80.24% among these groups.
• Recent insider activity includes sales from senior executives, with SVP Nikki Krishnamurthy selling over 11,500 shares, indicating a 2.70% decrease in their ownership.

Divergent Planning LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 5,572 shares of the ride-sharing company's stock, valued at approximately $520,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. West Oak Capital LLC bought a new stake in shares of Uber Technologies during the second quarter valued at about $28,000. Trust Co. of Toledo NA OH bought a new position in Uber Technologies in the 2nd quarter valued at about $30,000. Vision Financial Markets LLC acquired a new position in Uber Technologies during the 1st quarter valued at about $27,000. Truvestments Capital LLC raised its position in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after buying an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC lifted its stake in shares of Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company's stock worth $38,000 after acquiring an additional 250 shares during the period. Institutional investors own 80.24% of the company's stock.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares of the company's stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 604,946 shares of company stock worth $58,950,116. Insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

NYSE UBER opened at $93.73 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a market cap of $195.46 billion, a PE ratio of 15.97 and a beta of 1.48. The stock's 50-day moving average price is $95.28 and its two-hundred day moving average price is $88.93.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its earnings results 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 company had revenue of $12.65 billion during 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 revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company posted $0.47 earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research analyst reports. BMO Capital Markets raised their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Sanford C. Bernstein lifted their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research report on Monday, July 21st. Wedbush dropped their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Piper Sandler upped their price objective on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Finally, UBS Group lifted their target price on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $105.68.

Uber Technologies 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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