Kera Capital Partners Inc. Buys Shares of 3,383 Uber Technologies, Inc. $UBER

Key Points

• Kera Capital Partners Inc. purchased a new stake in Uber Technologies, acquiring 3,383 shares valued at approximately $316,000 in the second quarter.
• Several institutional investors, including UMB Bank and Geneos Wealth Management, have significantly increased their stakes in Uber, with institutional investors currently owning 80.24% of the stock.
• Wall Street analysts remain optimistic about Uber, with an average price target of $103.06, and 29 analysts rating the stock as a "Buy."

Kera Capital Partners Inc. bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,383 shares of the ride-sharing company's stock, valued at approximately $316,000.

Other institutional investors also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in Uber Technologies by 33.6% in the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after acquiring an additional 3,073 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock valued at $7,483,000 after acquiring an additional 91,362 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after acquiring an additional 6,129 shares in the last quarter. GK Wealth Management LLC acquired a new stake in Uber Technologies in the first quarter valued at approximately $234,000. Finally, Dynamic Advisor Solutions LLC acquired a new stake in Uber Technologies in the first quarter valued at approximately $943,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on UBER shares. Morgan Stanley reiterated an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Royal Bank Of Canada lifted their price objective 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. Cantor Fitzgerald reiterated an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Roth Capital lifted their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Needham & Company LLC lifted their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $103.06.

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 3,125 shares of the business's stock in a transaction on 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 transaction, the insider directly owned 170,269 shares in the company, valued at $16,175,555. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company's stock in a transaction dated Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the transaction, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 48,696 shares of company stock valued at $4,632,774. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 1.3%

NYSE UBER opened at $95.90 on Friday. The company has a market capitalization of $199.99 billion, a PE ratio of 16.34, a P/E/G ratio of 1.09 and a beta of 1.43. The company has a fifty day moving average of $92.62 and a 200 day moving average of $84.64. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $97.71. 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 (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate 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 firm posted $0.47 earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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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