Paladin Wealth LLC Buys New Shares in Uber Technologies, Inc. $UBER

Key Points

• Paladin Wealth LLC has acquired a new stake in Uber Technologies, buying 6,184 shares valued at approximately $577,000 in the second quarter.
• Uber Technologies reported an 18.2% year-over-year revenue increase of $12.65 billion for the last quarter, surpassing analysts' expectations.
• Currently, around 80.24% of Uber's stock is owned by institutional investors and hedge funds, reflecting strong institutional interest in the company.

Paladin Wealth LLC bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 6,184 shares of the ride-sharing company's stock, valued at approximately $577,000.

Several other large investors have also recently bought and sold shares of UBER. Brighton Jones LLC raised its stake in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after purchasing an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new position in Uber Technologies during the 4th quarter valued at $395,000. Bison Wealth LLC increased its holdings in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after buying an additional 641 shares during the period. Finally, Silvercrest Asset Management Group LLC increased its holdings in Uber Technologies by 52.0% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 76,618 shares of the ride-sharing company's stock valued at $4,622,000 after buying an additional 26,197 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.3%

Shares of NYSE:UBER opened at $95.90 on Monday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $97.71. The company's 50-day moving average price is $92.62 and its two-hundred day moving average price is $84.71. 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 cap of $199.99 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.10 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS 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 for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. The company's revenue was up 18.2% on a year-over-year basis. As a group, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at $2,087,625. This represents a 11.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Tony West sold 3,125 shares of the stock in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the sale, the insider directly owned 170,269 shares in the company, valued at approximately $16,175,555. This represents a 1.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 48,696 shares of company stock worth $4,632,774 in the last quarter. Insiders own 3.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on UBER shares. Wells Fargo & Company boosted their price target on shares of Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Morgan Stanley reissued an "overweight" rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Loop Capital reissued a "buy" rating and issued a $105.00 price target (up previously from $89.00) on shares of Uber Technologies in a report on Wednesday, May 21st. Needham & Company LLC boosted their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Roth Capital boosted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a report on Monday, July 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $103.06.

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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