Ritholtz Wealth Management Acquires 5,779 Shares of Uber Technologies, Inc. $UBER

Ritholtz Wealth Management raised its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 14.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,572 shares of the ride-sharing company's stock after acquiring an additional 5,779 shares during the quarter. Ritholtz Wealth Management's holdings in Uber Technologies were worth $4,345,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Nova Wealth Management Inc. lifted its position in Uber Technologies by 41.0% during the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after purchasing an additional 125 shares during the period. Atticus Wealth Management LLC lifted its position in Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after purchasing an additional 127 shares during the period. Forum Financial Management LP lifted its holdings in shares of 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 during the period. CBIZ Investment Advisory Services LLC lifted its holdings in shares of 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 acquiring an additional 138 shares during the period. Finally, Rogco LP lifted its holdings in shares of Uber Technologies by 1.6% during the 2nd quarter. Rogco LP now owns 8,925 shares of the ride-sharing company's stock worth $833,000 after acquiring an additional 139 shares during the period. 80.24% of the stock is owned by institutional investors.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 100,000 shares of the firm's stock in a transaction dated 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 in the company, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the firm's stock in a transaction dated Friday, September 12th. The stock was 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 of the company's stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock worth $58,659,491 over the last 90 days. Company insiders own 3.84% of the company's stock.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent analyst reports. Stifel Nicolaus upped 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. Mizuho started coverage on Uber Technologies in a research note on Monday, September 29th. They set an "outperform" rating and a $130.00 target price for the company. Weiss Ratings restated a "buy (b-)" rating on shares of Uber Technologies in a research report on Tuesday. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Guggenheim assumed coverage on shares of Uber Technologies in a report on Tuesday. They issued a "buy" rating and a $140.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $105.06.

Uber Technologies Stock Up 0.3%

Shares of NYSE UBER opened at $94.58 on Thursday. The company has a 50 day simple moving average of $95.17 and a 200 day simple moving average of $88.23. The firm has a market cap of $197.24 billion, a PE ratio of 16.11 and a beta of 1.48. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released 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. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 earnings per share. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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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