Focus Partners Advisor Solutions LLC Has $4 Million Stake in Uber Technologies, Inc. $UBER

Key Points

• Focus Partners Advisor Solutions LLC increased its stake in Uber Technologies, Inc. by 322.7%, resulting in ownership of 42,850 shares worth approximately $4 million after acquiring 32,713 additional shares.
• Institutional investors together hold 80.24% of Uber's stock, indicating strong interest in the ride-sharing company from major financial institutions.
• Despite a recent downgrade to a "hold" rating from Wall Street analysts, the average price target for Uber stock is currently set at $105.91, reflecting ongoing bullish sentiment among many analysts.

Focus Partners Advisor Solutions LLC boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 322.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,850 shares of the ride-sharing company's stock after buying an additional 32,713 shares during the period. Focus Partners Advisor Solutions LLC's holdings in Uber Technologies were worth $3,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares during the period. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies during the 1st quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC increased its stake in shares of Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares in the last quarter. Northern Trust Corp lifted its position in shares of Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock valued at $1,401,873,000 after acquiring an additional 720,122 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock worth $995,801,000 after acquiring an additional 394,157 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Roth Capital boosted their target price on Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Bank of America upped their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research note on Tuesday, July 8th. Wells Fargo & Company reduced their price objective on Uber Technologies from $127.00 to $125.00 and set an "overweight" rating for the company in a research note on Friday, October 3rd. Finally, Susquehanna boosted their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a report on Thursday, August 7th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $105.91.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares of the company's stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Tony West sold 100,000 shares of the business's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider owned 171,558 shares in the company, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold 604,946 shares of company stock valued at $58,950,116 over the last three months. Insiders own 3.84% of the company's stock.

Uber Technologies Stock Down 0.6%

UBER stock opened at $94.09 on Friday. The firm has a market capitalization of $196.21 billion, a PE ratio of 16.03 and a beta of 1.48. 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, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The stock's 50 day moving average is $95.42 and its 200-day moving average is $89.56.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies's quarterly 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. Sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS 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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