Farther Finance Advisors LLC Has $3.90 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• Farther Finance Advisors LLC increased its stake in Uber Technologies by 29.2%, now holding 41,792 shares worth approximately $3.90 million as of the latest SEC filing.
• Uber Technologies reported a quarterly EPS of $0.63, exceeding the consensus estimate of $0.61, with revenues of $12.65 billion, reflecting an 18.2% increase year-over-year.
• Institutional investors and hedge funds own 80.24% of Uber's stock, indicating significant confidence in the company's performance among major investors.

Farther Finance Advisors LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 29.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,792 shares of the ride-sharing company's stock after buying an additional 9,442 shares during the period. Farther Finance Advisors LLC's holdings in Uber Technologies were worth $3,899,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of UBER. Nova Wealth Management Inc. lifted its position in shares of Uber Technologies by 41.0% in the 1st 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 period. Atticus Wealth Management LLC raised its position in Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 127 shares during the last quarter. Grove Bank & Trust raised its position 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 purchasing an additional 133 shares during the last quarter. Forum Financial Management LP raised its position in 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 valued at $798,000 after purchasing an additional 136 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC raised its position in shares of 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.

Uber Technologies Stock Up 4.2%

Shares of UBER stock opened at $98.68 on Monday. The stock has a market cap of $205.79 billion, a P/E ratio of 16.81 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $99.70. 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 company's fifty day simple moving average is $92.63 and its two-hundred day simple moving average is $85.45.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly 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 for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.47 EPS. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated 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 directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 354,571 shares of company stock valued at $33,810,741. Corporate insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UBER. Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Stifel Nicolaus increased their target price on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Susquehanna increased their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Sanford C. Bernstein increased 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. Finally, BMO Capital Markets raised their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, Uber Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

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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