Kavar Capital Partners Group LLC Boosts Stock Holdings in Uber Technologies, Inc. $UBER

Key Points

• Kavar Capital Partners Group LLC increased its holdings in Uber Technologies by 21.9%, owning a total of 45,427 shares valued at approximately $4.24 million after acquiring 8,162 additional shares during the second quarter.
• Uber Technologies reported a net margin of 26.68% with quarterly revenue growing 18.2% year-over-year, totaling $12.65 billion, while earnings per share exceeded analysts' expectations.
• Recent analyst ratings show a mix of outlooks for Uber, with 28 analysts giving a Buy rating and price targets raised, indicating a consensus target of $103.30 despite one downgrade to Hold.

Kavar Capital Partners Group LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,427 shares of the ride-sharing company's stock after buying an additional 8,162 shares during the quarter. Kavar Capital Partners Group LLC's holdings in Uber Technologies were worth $4,238,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Pershing Square Capital Management L.P. bought a new stake in shares of Uber Technologies during the 1st quarter valued at $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its position in shares of Uber Technologies by 334,075.7% in the second 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 during the period. Pacer Advisors Inc. grew its stake in Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. increased its holdings in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares during the period. Finally, Boston Partners increased its holdings in Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after acquiring an additional 2,749,456 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Up 1.1%

Shares of UBER opened at $99.52 on Tuesday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50 day simple moving average of $93.46 and a two-hundred day simple moving average of $86.56. The firm has a market cap of $207.53 billion, a P/E ratio of 16.95 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $12.45 billion. During the same period in the previous year, the business posted $0.47 EPS. The business's quarterly revenue was up 18.2% on a year-over-year basis. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the 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 completion of the sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This represents a 2.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Tuesday, September 16th. The stock was 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 directly owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 604,571 shares of company stock valued at $58,920,741. 3.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent analyst reports. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. BMO Capital Markets lifted their price objective on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Raymond James Financial upped their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. KeyCorp raised their price target on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Bank of America boosted their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. One 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 a consensus price target of $103.30.

Uber Technologies Company 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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