Night Owl Capital Management LLC Purchases 16,008 Shares of Uber Technologies, Inc. $UBER

Key Points

• Night Owl Capital Management LLC increased its holdings in Uber Technologies by 3.9%, acquiring an additional 16,008 shares during the first quarter, bringing its total to 425,347 shares valued at approximately $30.99 million.
• Uber Technologies recently reported a quarterly earnings per share (EPS) of $0.63, surpassing analyst estimates, with revenue of $12.65 billion, indicating an 18.2% year-over-year growth.
• Analysts have raised their price targets for Uber Technologies, with KeyCorp increasing its target from $90 to $110, reflecting a generally positive outlook among brokerages.

Night Owl Capital Management LLC raised its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 425,347 shares of the ride-sharing company's stock after acquiring an additional 16,008 shares during the quarter. Uber Technologies makes up 3.9% of Night Owl Capital Management LLC's portfolio, making the stock its 12th biggest holding. Night Owl Capital Management LLC's holdings in Uber Technologies were worth $30,991,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Fourth Dimension Wealth LLC purchased a new stake in Uber Technologies during the fourth quarter valued at approximately $27,000. Kozak & Associates Inc. grew its position 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 acquiring an additional 223 shares during the period. Noble Wealth Management PBC purchased a new stake in shares of Uber Technologies in the 1st quarter worth $27,000. Vision Financial Markets LLC bought a new position in Uber Technologies in the 1st quarter worth $27,000. Finally, GPS Wealth Strategies Group LLC lifted its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares in the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Trading Down 0.9%

Shares of UBER opened at $92.08 on Friday. The firm has a market cap of $192.03 billion, a P/E ratio of 15.69, a price-to-earnings-growth ratio of 1.07 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. The company has a 50 day simple moving average of $92.43 and a two-hundred day simple moving average of $83.95.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.47 earnings per share. On average, equities 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, 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 owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Tony West sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, August 26th. The shares were sold at an average price of $95.00, for a total value of $296,875.00. Following the transaction, the insider owned 170,269 shares of the company's stock, valued at $16,175,555. This trade represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 48,696 shares of company stock valued at $4,632,774. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on UBER. KeyCorp upped their price target on Uber Technologies from $90.00 to $110.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. BMO Capital Markets boosted their price objective on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Susquehanna raised their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "positive" rating in a research note on Thursday, August 7th. Royal Bank Of Canada lifted their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Finally, UBS Group upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of "Moderate Buy" and an average price target of $102.82.

About Uber Technologies

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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