Legacy Financial Advisors Inc. Buys New Position in Uber Technologies, Inc. $UBER

Key Points

• Legacy Financial Advisors Inc. acquired a new position in Uber Technologies, purchasing 7,149 shares valued at approximately $521,000 in the first quarter.
• A significant portion of Uber's shares, about 80.24%, is owned by institutional investors, showing strong interest in the company.
• Uber's earnings report for the last quarter indicated a profit of $0.63 EPS, exceeding analysts' expectations and marking an 18.2% revenue increase year-over-year.

Legacy Financial Advisors Inc. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 7,149 shares of the ride-sharing company's stock, valued at approximately $521,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Transce3nd LLC purchased a new stake in Uber Technologies during the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC bought a new position in shares of Uber Technologies during the 4th quarter valued at about $27,000. Kozak & Associates Inc. raised its holdings in shares of Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after buying an additional 223 shares in the last quarter. Noble Wealth Management PBC bought a new stake in Uber Technologies in the 1st quarter worth approximately $27,000. Finally, Vision Financial Markets LLC purchased a new stake in Uber Technologies in the first quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the 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 directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Trading Up 1.5%

UBER opened at $95.3560 on Wednesday. Uber Technologies, Inc. has a one year low of $59.33 and a one 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. The business has a 50 day simple moving average of $90.51 and a two-hundred day simple moving average of $82.36. The firm has a market capitalization of $198.86 billion, a price-to-earnings ratio of 16.24, a PEG ratio of 1.08 and a beta of 1.43.

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 the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 earnings per share. Analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have commented on UBER shares. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. JPMorgan Chase & Co. boosted their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Raymond James Financial raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Finally, Morgan Stanley restated an "overweight" rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $102.82.

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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