Floyd Financial Group LLC Raises Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Floyd Financial Group LLC increased its holdings in Uber Technologies by 110.8%, now owning 19,561 shares valued at approximately $1.83 million.
• Several hedge funds also boosted their stakes in Uber during the first quarter, with institutional investors owning 80.24% of the company's stock.
• Uber's stock ratings are mixed, with one analyst giving a Strong Buy, 29 ratings as Buy, and 10 as Hold, while the average price target stands at $103.06.

Floyd Financial Group LLC raised its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 110.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,561 shares of the ride-sharing company's stock after purchasing an additional 10,280 shares during the period. Uber Technologies comprises 1.7% of Floyd Financial Group LLC's portfolio, making the stock its 19th biggest position. Floyd Financial Group LLC's holdings in Uber Technologies were worth $1,831,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. Kozak & Associates Inc. lifted its stake in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after purchasing an additional 223 shares during the last quarter. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies during the first quarter valued at $27,000. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the first quarter valued at about $27,000. West Oak Capital LLC purchased a new position in Uber Technologies during the 2nd quarter worth approximately $28,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the period. Hedge funds and other institutional investors own 80.24% of the company's stock.

Wall Street Analyst Weigh In

UBER has been the topic of several recent research reports. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Stifel Nicolaus increased their target price on Uber Technologies from $110.00 to $117.00 and gave the company a "buy" rating in a report on Tuesday, July 29th. Cowen reissued a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Bank of America upped their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Finally, Roth Capital raised their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a report on Monday, July 14th. One investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $103.06.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction on 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 transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Tony West sold 100,000 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares of the company's stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 604,571 shares of company stock worth $58,920,741. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Down 0.1%

UBER opened at $97.70 on Thursday. The business has a fifty day moving average price of $92.99 and a 200 day moving average price of $85.78. 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 12 month low of $59.33 and a 12 month high of $101.99. The stock has a market capitalization of $203.75 billion, a price-to-earnings ratio of 16.64 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating 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 firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm's revenue was up 18.2% compared to the same quarter last year. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

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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