Peloton Wealth Strategists Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

• Peloton Wealth Strategists acquired 31,810 shares of Uber Technologies, Inc. valued at approximately $2.32 million during the first quarter.
• The stock price of Uber Technologies, Inc. increased by 3.5%, with shares opening at $94.17 and a market cap of $196.38 billion.
• Analysts have upgraded Uber's ratings with price targets ranging from $100 to $117, indicating a consensus rating of "Moderate Buy".

Peloton Wealth Strategists purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 31,810 shares of the ride-sharing company's stock, valued at approximately $2,318,000.

A number of other large investors also recently made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of 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 worth $939,000 after buying an additional 6,129 shares during the last quarter. Bank Pictet & Cie Europe AG acquired a new stake in shares of Uber Technologies during the 4th quarter worth $395,000. Bison Wealth LLC increased its holdings in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after buying an additional 641 shares during the last quarter. Finally, Fiduciary Trust Co increased its holdings in shares of Uber Technologies by 15.5% during the 4th quarter. Fiduciary Trust Co now owns 5,462 shares of the ride-sharing company's stock worth $329,000 after buying an additional 732 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 3.5%

Shares of NYSE UBER opened at $94.17 on Tuesday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $97.71. The company has a market cap of $196.38 billion, a P/E ratio of 16.04, a P/E/G ratio of 1.04 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a fifty day moving average price of $92.44 and a 200 day moving average price of $84.16.

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 (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the prior year, the firm earned $0.47 EPS. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on UBER shares. JMP Securities restated a "market perform" rating on shares of Uber Technologies in a report on Thursday, May 15th. Stifel Nicolaus upped their price objective on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a report on Tuesday, July 29th. 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 research report on Thursday, August 7th. Barclays reaffirmed an "overweight" rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Susquehanna lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.06.

Insider Activity

In other news, insider Tony West sold 3,125 shares of the firm's 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 completion of the sale, the insider directly owned 170,269 shares in the company, valued at $16,175,555. This trade represents a 1.80% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the sale, the senior vice president owned 416,222 shares of the company's stock, valued at $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 48,696 shares of company stock valued at $4,632,774. Corporate insiders own 3.70% of the company's stock.

Uber Technologies 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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