Oak Family Advisors LLC Has $5.70 Million Holdings in Uber Technologies, Inc. $UBER

Key Points

• Oak Family Advisors LLC reduced its stake in Uber Technologies, Inc. by 5.0%, now holding approximately $5.70 million worth of the stock, representing 1.8% of its total holdings.
• Uber reported a Q2 earnings per share of $0.63, exceeding analyst expectations, with revenues of $12.65 billion, marking an 18.2% increase year-over-year.
• Analysts have set new price targets for Uber, with estimates ranging from $103.00 to $115.00, indicating a strong buy sentiment among investors.

Oak Family Advisors LLC cut its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,077 shares of the ride-sharing company's stock after selling 3,214 shares during the period. Uber Technologies comprises approximately 1.8% of Oak Family Advisors LLC's holdings, making the stock its 19th largest holding. Oak Family Advisors LLC's holdings in Uber Technologies were worth $5,698,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. West Oak Capital LLC acquired a new stake in Uber Technologies during the 2nd quarter valued at $28,000. Noble Wealth Management PBC acquired a new stake in Uber Technologies during the 1st quarter valued at $27,000. Kozak & Associates Inc. increased its holdings in 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 purchasing an additional 223 shares in the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at $27,000. Finally, GPS Wealth Strategies Group LLC increased its stake 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 valued at $29,000 after buying an additional 299 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.1%

NYSE:UBER opened at $99.52 on Tuesday. The stock's fifty day simple moving average is $93.46 and its 200-day simple moving average is $86.56. 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 market capitalization of $207.53 billion, a P/E ratio of 16.95 and a beta of 1.43. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share 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 analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on UBER. Piper Sandler lifted their target price on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. Roth Capital upped their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Morgan Stanley restated an "overweight" rating and set a $115.00 target price (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. JPMorgan Chase & Co. raised their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research report on Friday, July 11th. Finally, KeyCorp raised 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. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $103.30.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 604,571 shares of company stock valued at $58,920,741. Company insiders own 3.70% of the company's stock.

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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