Family Investment Center Inc. Buys New Shares in Uber Technologies, Inc. $UBER

Key Points

• Family Investment Center Inc. has acquired a new stake in Uber Technologies, Inc., buying 2,659 shares valued at approximately $248,000 during the second quarter.
• Analysts have varied views on Uber's stock, with target price estimates ranging from $84.00 to $117.00 and a consensus target price of $103.06.
• Uber Technologies reported a quarter earnings per share (EPS) of $0.63, exceeding estimates and revealing an 18.2% year-over-year revenue growth to $12.65 billion.

Family Investment Center Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,659 shares of the ride-sharing company's stock, valued at approximately $248,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. increased its stake in Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 125 shares during the last quarter. Atticus Wealth Management LLC increased its stake 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 acquiring an additional 127 shares during the last quarter. Grove Bank & Trust increased its stake in Uber Technologies by 0.9% during the first quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after acquiring an additional 133 shares during the last quarter. Forum Financial Management LP increased its stake in Uber Technologies by 1.3% during the first 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 last quarter. Finally, CBIZ Investment Advisory Services LLC increased its stake in Uber Technologies by 42.1% during the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after acquiring an additional 138 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on UBER shares. Piper Sandler upped their target price on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Stifel Nicolaus upped their target price on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. Wedbush decreased their target price on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Finally, Bank of America increased their price target on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. One 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. According to data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and a consensus target price of $103.06.

Uber Technologies Stock Up 1.0%

Uber Technologies stock opened at $99.48 on Tuesday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company's 50-day moving average price is $92.74 and its two-hundred day moving average price is $85.61. The stock has a market cap of $207.47 billion, a P/E ratio of 16.95 and a beta of 1.43. 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 (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. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same period last year, the firm earned $0.47 earnings per share. The business's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Tuesday, September 16th. The shares were 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the firm's stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $93.94, for a total transaction of $293,562.50. Following the completion of the transaction, the insider directly owned 171,558 shares of the company's stock, valued at approximately $16,116,158.52. The trade was a 1.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 354,571 shares of company stock valued at $33,810,741. 3.70% of the stock is owned by insiders.

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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