KMG Fiduciary Partners LLC Raises Stock Position in Uber Technologies, Inc. $UBER

Key Points

• KMG Fiduciary Partners LLC increased its stake in Uber Technologies, acquiring an additional 6,256 shares, bringing their total holdings to 39,574 shares valued at approximately $3.69 million.
• Uber reported a Q2 earnings per share of $0.63, exceeding expectations, with a total revenue of $12.65 billion, reflecting an 18.2% increase year-over-year.
• Several analysts have raised their price targets for Uber, with Morgan Stanley setting a target at $115.00, indicating strong market optimism surrounding the stock.

KMG Fiduciary Partners LLC lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 18.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,574 shares of the ride-sharing company's stock after acquiring an additional 6,256 shares during the period. KMG Fiduciary Partners LLC's holdings in Uber Technologies were worth $3,692,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UBER. Brighton Jones LLC grew its position in Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after purchasing an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG purchased a new position in shares of Uber Technologies during the 4th quarter worth $395,000. Bison Wealth LLC boosted its stake in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after acquiring an additional 641 shares during the last quarter. Finally, iSAM Funds UK Ltd purchased a new position in shares of Uber Technologies during the 4th quarter worth $427,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE:UBER traded up $3.98 during midday trading on Friday, hitting $98.68. The company's stock had a trading volume of 38,703,086 shares, compared to its average volume of 16,364,744. 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 business's 50 day simple moving average is $92.63 and its 200 day simple moving average is $85.38. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $99.70. The company has a market cap of $205.79 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.13 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS 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 company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the firm earned $0.47 earnings per share. Uber Technologies's quarterly revenue was up 18.2% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the sale, the insider directly owned 170,269 shares of the company's stock, valued at approximately $16,175,555. The trade was a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were 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 in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 354,571 shares of company stock valued at $33,810,741 over the last ninety days. Corporate insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBER shares. Piper Sandler lifted their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. KeyCorp upped their target price on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Stifel Nicolaus upped their target price on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $103.06.

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.