Diversified Trust Co Acquires 10,608 Shares of Uber Technologies, Inc. $UBER

Key Points

• Diversified Trust Co increased its holdings in Uber Technologies by 167.9%, acquiring an additional 10,608 shares, bringing its total to 16,926 shares valued at approximately $1.58 million.
• CEO Dara Khosrowshahi sold 300,000 shares of Uber, representing a 20.94% decrease in his holdings, while company insiders sold 354,571 shares worth around $33.81 million over the past 90 days.
• Wall Street analysts have mixed views on Uber, with 29 buy ratings and one strong buy rating, while the average target price stands at $103.06.

Diversified Trust Co grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 167.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,926 shares of the ride-sharing company's stock after acquiring an additional 10,608 shares during the quarter. Diversified Trust Co's holdings in Uber Technologies were worth $1,579,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nova Wealth Management Inc. increased its holdings in shares of Uber Technologies by 41.0% during the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after purchasing an additional 125 shares during the period. Atticus Wealth Management LLC grew its position in Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after buying an additional 127 shares in the last quarter. Grove Bank & Trust raised its holdings in Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after acquiring an additional 133 shares in the last quarter. Forum Financial Management LP lifted its position in shares of Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after acquiring an additional 136 shares during the period. Finally, CBIZ Investment Advisory Services LLC grew its holdings in shares of Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred 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 sale, the senior vice president owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 354,571 shares of company stock valued at $33,810,741. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on UBER. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Susquehanna increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Wells Fargo & Company upped their target price 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. Finally, Wedbush dropped their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Stock Performance

UBER stock opened at $98.68 on Monday. The company has a 50 day moving average price of $92.63 and a 200 day moving average price of $85.45. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $99.70. 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 $205.79 billion, a PE ratio of 16.81 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating 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 return on equity of 59.96% and a net margin of 26.68%.The business's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the firm earned $0.47 EPS. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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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