Leigh Baldwin & CO. LLC Acquires New Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• Leigh Baldwin & CO. LLC acquired a new position in Uber Technologies, purchasing 2,782 shares valued at approximately $203,000 in the first quarter.
• Institutional investors collectively own 80.24% of Uber's stock, with various firms significantly increasing their holdings during the same period.
• In Q2, Uber Technologies reported an earnings per share of $0.63, exceeding consensus estimates and showing an 18.2% year-over-year revenue growth.

Leigh Baldwin & CO. LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 2,782 shares of the ride-sharing company's stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Noble Wealth Management PBC purchased a new position in Uber Technologies in the 1st quarter worth approximately $27,000. Kozak & Associates Inc. lifted its holdings in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the 1st quarter worth approximately $27,000. GPS Wealth Strategies Group LLC lifted its holdings in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the last quarter. Finally, Perkins Coie Trust Co lifted its holdings in shares of Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 306 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer directly owned 21,975 shares of the company's stock, valued at approximately $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. DA Davidson boosted their price objective on shares of Uber Technologies from $80.00 to $98.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. KeyCorp boosted their price objective 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. Morgan Stanley restated an "overweight" rating and issued a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Wedbush lowered their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Finally, Piper Sandler boosted their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Eleven investment analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $102.82.

Uber Technologies Stock Up 0.7%

NYSE:UBER opened at $91.44 on Friday. The firm's 50-day moving average price is $90.05 and its 200-day moving average price is $81.69. The company has a market capitalization of $190.69 billion, a PE ratio of 15.58, a P/E/G ratio of 1.04 and a beta of 1.43. 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, Inc. has a 1-year low of $59.33 and a 1-year high of $97.71.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results 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. The firm had revenue of $12.65 billion for 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 company's revenue was up 18.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 EPS. On average, equities analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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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