Klingman & Associates LLC Invests $417,000 in Uber Technologies, Inc. $UBER

Key Points

• Klingman & Associates LLC has invested approximately $417,000 in Uber Technologies by acquiring 4,465 shares in the second quarter.
• Uber's quarterly earnings report showed an EPS of $0.63, exceeding the consensus estimate, with a revenue of $12.65 billion—up 18.2% year-over-year.
• Shares of Uber Technologies are trading at around $93.07, with a recent target price change from analysts ranging from $84.00 to $127.00.

Klingman & Associates LLC acquired a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,465 shares of the ride-sharing company's stock, valued at approximately $417,000.

Other hedge funds also recently made changes to their positions in the company. Phoenix Financial Ltd. grew its holdings in shares of Uber Technologies by 11.1% during the 2nd quarter. Phoenix Financial Ltd. now owns 108,498 shares of the ride-sharing company's stock valued at $10,121,000 after purchasing an additional 10,863 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in shares of Uber Technologies by 0.9% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 937,682 shares of the ride-sharing company's stock valued at $87,179,000 after purchasing an additional 8,288 shares during the last quarter. Demars Financial Group LLC bought a new position in shares of Uber Technologies during the 2nd quarter valued at $219,000. Schnieders Capital Management LLC bought a new position in shares of Uber Technologies during the 2nd quarter valued at $842,000. Finally, Crewe Advisors LLC grew its holdings in shares of Uber Technologies by 18.6% during the 2nd quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company's stock valued at $82,000 after purchasing an additional 137 shares during the last quarter. 80.24% of the stock is owned by institutional investors.

Uber Technologies Trading Down 0.7%

Shares of UBER opened at $93.07 on Wednesday. The firm has a fifty day simple moving average of $95.31 and a two-hundred day simple moving average of $88.96. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $194.09 billion, a P/E ratio of 15.86 and a beta of 1.48.

Uber Technologies (NYSE:UBER - Get Free Report) last posted 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 during the quarter, compared to analysts' expectations of $12.45 billion. During the same period last year, the company posted $0.47 EPS. The company's quarterly revenue was up 18.2% compared to the same quarter last year. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Uber Technologies from $127.00 to $125.00 and set an "overweight" rating on the stock in a report on Friday, October 3rd. Raymond James Financial increased their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, August 7th. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 price target (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Royal Bank Of Canada increased their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research report on Thursday, August 7th. Finally, Wedbush dropped their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $105.70.

Insider Transactions at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares of the company's stock, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is owned by corporate insiders.

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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