SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co Has $5.53 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Key Points

• SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its holdings in Uber Technologies by 232% during the first quarter, now owning a total of 75,937 shares valued at approximately $5.5 million.
• Uber Technologies reported a quarterly earnings per share of $0.63, surpassing expectations, with revenues of $12.65 billion, reflecting an 18.2% year-over-year growth.
• The consensus rating for Uber Technologies is a "Moderate Buy" with a price target of $102.82 based on multiple analysts' ratings.

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 232.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 75,937 shares of the ride-sharing company's stock after purchasing an additional 53,065 shares during the period. Uber Technologies accounts for 5.7% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's investment portfolio, making the stock its 9th biggest holding. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings in Uber Technologies were worth $5,533,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Transce3nd LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $27,000. Fourth Dimension Wealth LLC purchased a new position in shares of Uber Technologies in the fourth quarter valued at about $27,000. Kozak & Associates Inc. increased its position in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after acquiring an additional 223 shares during the period. Noble Wealth Management PBC purchased a new position in shares of Uber Technologies in the first quarter valued at about $27,000. Finally, Vision Financial Markets LLC purchased a new position in shares of Uber Technologies in the first quarter valued at about $27,000. 80.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on UBER. 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 research report on Monday, July 21st. Needham & Company LLC lifted their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Citigroup lifted their target price on shares of Uber Technologies from $92.00 to $102.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Bank of America lifted their target price on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Finally, Roth Capital lifted their target price on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Eleven research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Uber Technologies has an average rating of "Moderate Buy" and an average price target of $102.82.

Uber Technologies Stock Down 0.8%

Shares of NYSE:UBER traded down $0.76 during trading hours on Wednesday, hitting $90.97. The company's stock had a trading volume of 16,849,796 shares, compared to its average volume of 18,980,150. The firm's fifty day moving average price is $89.92 and its 200 day moving average price is $81.54. 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, Inc. has a 52 week low of $59.33 and a 52 week high of $97.71. The company has a market capitalization of $189.71 billion, a price-to-earnings ratio of 15.50, a P/E/G ratio of 1.05 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its 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 analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The business's revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.47 EPS. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Buying and Selling at Uber Technologies

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total transaction of $261,250.00. Following the completion of the sale, the chief financial officer owned 21,975 shares in the company, valued at approximately $2,087,625. The trade was a 11.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 3.84% 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.