Doliver Advisors LP Grows Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Doliver Advisors LP increased its stake in Uber Technologies by 92.5%, now owning 23,587 shares valued at approximately $2.2 million.
• Insider activity includes Tony West selling 3,125 shares and Nikki Krishnamurthy selling 11,571 shares, indicating a decrease in their ownership.
• Analysts project an average target price of $103.06 for Uber Technologies with ratings showing a consensus of 29 Buy and 10 Hold designations.

Doliver Advisors LP raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 92.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 23,587 shares of the ride-sharing company's stock after purchasing an additional 11,335 shares during the quarter. Uber Technologies accounts for approximately 0.6% of Doliver Advisors LP's holdings, making the stock its 26th biggest position. Doliver Advisors LP's holdings in Uber Technologies were worth $2,201,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Cacti Asset Management LLC grew its stake in shares of Uber Technologies by 8.0% during the 2nd quarter. Cacti Asset Management LLC now owns 199,851 shares of the ride-sharing company's stock valued at $18,292,000 after purchasing an additional 14,880 shares during the period. Harbor Investment Advisory LLC grew its stake in shares of Uber Technologies by 2.3% during the 2nd quarter. Harbor Investment Advisory LLC now owns 37,802 shares of the ride-sharing company's stock valued at $3,527,000 after purchasing an additional 840 shares during the period. First National Bank Sioux Falls grew its stake in shares of Uber Technologies by 16.2% during the 2nd quarter. First National Bank Sioux Falls now owns 17,091 shares of the ride-sharing company's stock valued at $1,595,000 after purchasing an additional 2,380 shares during the period. Kera Capital Partners Inc. bought a new stake in shares of Uber Technologies during the 2nd quarter valued at about $316,000. Finally, Private Client Services LLC bought a new stake in shares of Uber Technologies during the 2nd quarter valued at about $230,000. 80.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UBER has been the subject of a number of recent research reports. Sanford C. Bernstein boosted their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Raymond James Financial boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Canaccord Genuity Group reiterated a "hold" rating and set a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Susquehanna boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Finally, Cowen reiterated a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. One 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,696 shares of company stock valued at $4,632,774. 3.70% of the stock is owned by company insiders.

Uber Technologies Price Performance

UBER stock traded up $1.22 during midday trading on Friday, hitting $95.90. The company's stock had a trading volume of 13,652,955 shares, compared to its average volume of 14,496,138. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $199.99 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 1.10 and a beta of 1.43. The company has a 50 day moving average of $92.62 and a two-hundred day moving average of $84.71.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the company posted $0.47 EPS. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts expect 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.