Uber Technologies, Inc. $UBER Shares Acquired by Shelton Wealth Management LLC

Key Points

• Shelton Wealth Management LLC increased its stake in Uber Technologies by 193.5%
• Uber reported $12.65 billion in revenue for the latest quarter, exceeding analyst expectations by $200 million
• Institutional investors now own 80.24% of Uber's stock, indicating strong institutional interest in the company

Shelton Wealth Management LLC grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 193.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,794 shares of the ride-sharing company's stock after acquiring an additional 13,049 shares during the quarter. Shelton Wealth Management LLC's holdings in Uber Technologies were worth $1,847,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Fourth Dimension Wealth LLC purchased a new position in Uber Technologies during the fourth quarter worth approximately $27,000. Kozak & Associates Inc. raised its position in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in Uber Technologies in the first quarter valued at $27,000. Vision Financial Markets LLC purchased a new stake in Uber Technologies during the first quarter valued at about $27,000. Finally, GPS Wealth Strategies Group LLC lifted its stake in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.0%

Shares of Uber Technologies stock traded up $0.97 during trading on Monday, reaching $99.48. The company had a trading volume of 29,567,163 shares, compared to its average volume of 21,656,703. 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, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm's fifty day moving average is $92.63 and its 200-day moving average is $85.45. The company has a market cap of $207.47 billion, a price-to-earnings ratio of 16.95 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data 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 for the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Uber Technologies's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the transaction, the chief financial officer owned 22,528 shares of the company's stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the stock in a transaction on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 354,571 shares of company stock valued at $33,810,741 over the last three months. 3.84% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Raymond James Financial lifted their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, August 7th. BMO Capital Markets boosted their price objective on Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research note on Thursday, August 7th. Susquehanna increased their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Cowen reiterated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Royal Bank Of Canada upped their price target on Uber Technologies from $94.00 to $100.00 and gave the stock an "outperform" rating in a 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 given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target 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.