Marshall Financial Group LLC Takes Position in Uber Technologies, Inc. $UBER

Key Points

• Marshall Financial Group LLC has invested approximately $2.25 million in Uber Technologies, acquiring 23,291 shares during the second quarter.
• Insider trades show notable sales with Tony West selling 3,125 shares and CFO Prashanth Mahendra-Rajah selling 2,750 shares, both at an average price of $95.00.
• Uber reported strong earnings performance with a Q2 EPS of $0.63, surpassing analyst expectations and demonstrating an 18.2% year-over-year revenue growth.

Marshall Financial Group LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,291 shares of the ride-sharing company's stock, valued at approximately $2,252,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies during the first quarter worth $2,207,743,000. Northern Trust Corp boosted its holdings in Uber Technologies by 3.9% during the first quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company's stock worth $1,401,873,000 after buying an additional 720,122 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Uber Technologies by 3.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 13,667,322 shares of the ride-sharing company's stock worth $995,801,000 after buying an additional 394,157 shares in the last quarter. Finally, Boston Partners boosted its holdings in Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after buying an additional 2,749,456 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a report on Thursday, August 7th. Bank of America upped their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a research report on Tuesday, July 8th. Stifel Nicolaus upped their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. UBS Group upped their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $106.00 price objective (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $103.06.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $93.94, for a total transaction of $293,562.50. Following the sale, the insider owned 171,558 shares of the company's stock, valued at approximately $16,116,158.52. This trade represents a 1.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm's stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 354,571 shares of company stock valued at $33,810,741 in the last quarter. Company insiders own 3.84% of the company's stock.

Uber Technologies Stock Up 4.2%

NYSE:UBER traded up $3.98 during mid-day trading on Friday, hitting $98.68. The stock had a trading volume of 38,703,086 shares, compared to its average volume of 16,364,744. The stock has a 50-day simple moving average of $92.63 and a two-hundred day simple moving average of $85.38. The company has a market capitalization of $205.79 billion, a PE ratio of 16.81, a PEG ratio of 1.13 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $99.70. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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. 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 analysts' expectations of $12.45 billion. During the same quarter last year, the company earned $0.47 earnings per share. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.