Fiduciary Alliance LLC Purchases 5,821 Shares of Uber Technologies, Inc. $UBER

Key Points

• Fiduciary Alliance LLC increased its stake in Uber Technologies by 62.4%, adding 5,821 shares to its holdings during the second quarter, bringing its total to 15,145 shares valued at approximately $1.41 million.
• Uber reported quarterly earnings of $0.63 per share, surpassing estimates, and achieved a revenue of $12.65 billion, reflecting an 18.2% year-over-year growth.
• Several financial firms have raised their price targets for Uber stock, with Bank of America now projecting a target of $115.00 and Loop Capital setting a target of $105.00.

Fiduciary Alliance LLC raised its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 62.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,145 shares of the ride-sharing company's stock after acquiring an additional 5,821 shares during the period. Fiduciary Alliance LLC's holdings in Uber Technologies were worth $1,413,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBER. Nova Wealth Management Inc. grew its stake 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 buying an additional 125 shares in the last quarter. Navalign LLC grew its stake in shares of Uber Technologies by 0.5% in the 4th quarter. Navalign LLC now owns 25,468 shares of the ride-sharing company's stock worth $1,536,000 after buying an additional 126 shares in the last quarter. Grove Bank & Trust grew its stake in shares of Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock worth $1,030,000 after buying an additional 133 shares in the last quarter. Forum Financial Management LP grew its stake 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 buying an additional 136 shares in the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its stake in shares of Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after buying an additional 138 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated Friday, August 15th. The shares were 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 directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the business's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total transaction of $296,875.00. Following the completion of the sale, the insider owned 170,269 shares of the company's stock, valued at approximately $16,175,555. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 348,696 shares of company stock worth $33,243,774 over the last 90 days. Corporate insiders own 3.70% of the company's stock.

Uber Technologies Price Performance

Uber Technologies stock opened at $97.97 on Wednesday. The stock has a market cap of $204.31 billion, a price-to-earnings ratio of 16.69, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $99.70. The firm has a 50-day moving average of $92.67 and a two-hundred day moving average of $84.96.

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

Analysts Set New Price Targets

A number of research firms recently commented on UBER. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Loop Capital reaffirmed a "buy" rating and set a $105.00 price target (up from $89.00) on shares of Uber Technologies in a research note on Wednesday, May 21st. Bank of America lifted their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Raymond James Financial lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. Finally, Royal Bank Of Canada lifted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average 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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