Mutual Advisors LLC Has $1.21 Million Stock Position in Uber Technologies, Inc. $UBER

Key Points

• Mutual Advisors LLC increased its stake in Uber Technologies by 72.6% during the second quarter, now owning 13,247 shares valued at approximately $1.21 million.
• Insider trading activity includes Jill Hazelbaker selling 31,250 shares and Tony West selling 100,000 shares, leading to decreases in their respective stock positions of 26.53% and 36.82%.
• Uber reported a quarterly profit of $0.63 per share on a revenue of $12.65 billion, exceeding analysts' expectations and reflecting an 18.2% year-over-year revenue growth.

Mutual Advisors LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 72.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,247 shares of the ride-sharing company's stock after acquiring an additional 5,570 shares during the period. Mutual Advisors LLC's holdings in Uber Technologies were worth $1,209,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in UBER. Vision Financial Markets LLC bought a new stake in shares of Uber Technologies in the first quarter valued at approximately $27,000. West Oak Capital LLC purchased a new position in Uber Technologies in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC grew its stake in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after buying an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new position in Uber Technologies in the 2nd quarter worth approximately $30,000. Finally, Ransom Advisory Ltd purchased a new position in Uber Technologies in the 1st quarter worth approximately $31,000. Institutional investors own 80.24% of the company's stock.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Tony West sold 100,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider directly owned 171,558 shares of the company's stock, valued at approximately $17,220,992.04. This represents a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 601,821 shares of company stock worth $58,659,491 over the last ninety days. 3.84% of the stock is owned by company insiders.

Uber Technologies Trading Down 0.2%

Shares of UBER opened at $92.29 on Friday. The stock has a market capitalization of $192.47 billion, a P/E ratio of 15.72 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a fifty day simple moving average of $95.22 and a two-hundred day simple moving average of $88.50. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 EPS. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on UBER. Guggenheim raised shares of Uber Technologies to a "strong-buy" rating in a research note on Wednesday. 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. Piper Sandler boosted 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. Mizuho initiated coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an "outperform" rating and a $130.00 target price on the stock. Finally, Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $105.68.

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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