R Squared Ltd Takes $612,000 Position in Uber Technologies, Inc. $UBER

Key Points

• R Squared Ltd has acquired a new stake in Uber Technologies, Inc., purchasing 6,559 shares valued at approximately $612,000 during the second quarter.
• Uber reported strong quarterly earnings, with $0.63 earnings per share, surpassing expectations, and a revenue of $12.65 billion, marking an 18.2% year-over-year increase.
• Insider trading activity included the sale of 100,000 shares by Tony West, reducing his ownership by 36.82%, while overall, insiders sold a total of 604,946 shares worth over $58.9 million in the last three months.

R Squared Ltd acquired a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 6,559 shares of the ride-sharing company's stock, valued at approximately $612,000.

Several other institutional investors have also modified their holdings of the business. Nova Wealth Management Inc. raised its position in Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Atticus Wealth Management LLC lifted its stake in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after acquiring an additional 127 shares during the last quarter. Forum Financial Management LP grew its holdings in Uber Technologies by 1.3% during the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock worth $798,000 after acquiring an additional 136 shares in the last quarter. Crewe Advisors LLC lifted its position in shares of Uber Technologies by 18.6% during the 2nd quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company's stock worth $82,000 after purchasing an additional 137 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC lifted its holdings in Uber Technologies by 42.1% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock worth $34,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $94.57 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $197.21 billion, a price-to-earnings ratio of 16.11 and a beta of 1.48. The firm's fifty day moving average price is $95.40 and its 200 day moving average price is $89.18. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business's quarterly revenue was up 18.2% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the stock in a transaction that occurred on 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,946 shares of company stock worth $58,950,116 in the last three months. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UBER has been the subject of several recent analyst reports. Stifel Nicolaus boosted their target price on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research note on Tuesday, July 29th. Barclays reiterated an "overweight" rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Weiss Ratings restated a "buy (b-)" rating on shares of Uber Technologies in a research note on Tuesday, October 14th. Royal Bank Of Canada lifted their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Finally, Bank of America upped their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $105.70.

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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