Monument Capital Management Buys Shares of 34,385 Uber Technologies, Inc. $UBER

Key Points

• Monument Capital Management acquired 34,385 shares of Uber Technologies, valued at approximately $3.2 million, during the second quarter, indicating increased institutional interest in the company.
• Analysts have rated Uber Technologies with a consensus rating of "Moderate Buy" and a target price of around $104.03, reflecting positive outlooks from multiple research firms.
• Recent insider activity showed significant stock sales by executives, including an SVP selling 11,571 shares and another insider selling 100,000 shares, raising concerns about insider confidence.

Monument Capital Management bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,385 shares of the ride-sharing company's stock, valued at approximately $3,208,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Noble Wealth Management PBC purchased a new stake in Uber Technologies during the first quarter valued at approximately $27,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the 2nd quarter valued at about $28,000. GPS Wealth Strategies Group LLC lifted its position in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares in the last quarter. Finally, Truvestments Capital LLC lifted its position in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 339 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on UBER shares. Mizuho initiated coverage on Uber Technologies in a research report on Monday, September 29th. They set an "outperform" rating and a $130.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Piper Sandler upped their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Stifel Nicolaus upped their price target 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. Finally, Susquehanna upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.03.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $96.06 on Friday. 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 firm has a fifty day moving average price of $94.73 and a 200 day moving average price of $87.69. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm has a market cap of $200.32 billion, a price-to-earnings ratio of 16.36 and a beta of 1.48.

Uber Technologies (NYSE:UBER - Get Free Report) last issued 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. 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 analyst estimates of $12.45 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Activity

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 100,000 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares of the company's stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock valued at $58,659,491 in the last quarter. Company insiders own 3.84% of the company's stock.

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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