Kathmere Capital Management LLC Takes $256,000 Position in Uber Technologies, Inc. $UBER

Key Points

• Kathmere Capital Management LLC has taken a new position in Uber Technologies, Inc., purchasing 2,744 shares valued at approximately $256,000 during the second quarter.
• Insider transactions indicate significant sales, with CEO Dara Khosrowshahi selling 300,000 shares valued at approximately $28.6 million, reflecting a 20.94% decrease in his ownership.
• Uber Technologies reported a quarterly revenue of $12.65 billion, which exceeded analyst expectations, with earnings per share coming in at $0.63, above the consensus estimate of $0.61.

Kathmere Capital Management LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 2,744 shares of the ride-sharing company's stock, valued at approximately $256,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Kozak & Associates Inc. raised its position in Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies during the 1st quarter worth $27,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the 1st quarter worth $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth $28,000. Finally, GPS Wealth Strategies Group LLC boosted its stake in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business's stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at $108,010,721.28. This trade represents a 20.94% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 604,571 shares of company stock valued at $58,920,741. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Price Performance

UBER stock opened at $99.52 on Tuesday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company's fifty day moving average price is $93.46 and its 200-day moving average price is $86.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $207.53 billion, a PE ratio of 16.95 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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 firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The company's quarterly revenue was up 18.2% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Susquehanna lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. 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. UBS Group lifted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Sanford C. Bernstein lifted their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $103.30.

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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