RFG Advisory LLC Has $1.93 Million Stock Position in Uber Technologies, Inc. $UBER

Key Points

• RFG Advisory LLC increased its position in Uber Technologies by 37.6%, now holding a stock worth approximately $1.93 million after acquiring an additional 5,662 shares.
• A number of analysts have raised their price targets for Uber, with Bank of America setting a new target of $115.00 and analysts generally rating the stock as a "Moderate Buy."
• Insider trading activity has seen CFO and CEO sell significant shares, with the CFO selling 2,750 shares and the CEO selling 300,000 shares, reflecting a decrease in their ownership stakes.

RFG Advisory LLC grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 37.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,714 shares of the ride-sharing company's stock after buying an additional 5,662 shares during the quarter. RFG Advisory LLC's holdings in Uber Technologies were worth $1,933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBER. Vision Financial Markets LLC purchased a new stake in shares of Uber Technologies in the first quarter worth approximately $27,000. West Oak Capital LLC purchased a new stake in shares of Uber Technologies in the second quarter worth approximately $28,000. Truvestments Capital LLC lifted its position in shares of Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after purchasing an additional 339 shares in the last quarter. Trust Co. of Toledo NA OH purchased a new stake in shares of Uber Technologies in the second quarter worth approximately $30,000. Finally, Ransom Advisory Ltd purchased a new stake in shares of Uber Technologies in the first quarter worth approximately $31,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UBER shares. Raymond James Financial increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Royal Bank Of Canada raised their price target on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Piper Sandler raised their price target on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Bank of America increased their price objective on Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Finally, Morgan Stanley restated an "overweight" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $105.06.

Uber Technologies Trading Up 0.3%

NYSE:UBER opened at $94.58 on Thursday. The stock's 50 day moving average price is $95.17 and its 200 day moving average price is $88.23. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a market capitalization of $197.24 billion, a P/E ratio of 16.11 and a beta of 1.48. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 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 company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the company posted $0.47 earnings per share. The company's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, 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 that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.84% of the stock is owned by company insiders.

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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