Sullivan Wood Capital Management LLC Invests $950,000 in Uber Technologies, Inc. $UBER

Key Points

• Sullivan Wood Capital Management LLC has invested approximately $950,000 in Uber Technologies by acquiring 10,180 shares, making Uber about 2.0% of their total holdings.
• Several institutional investors have increased their stakes in Uber Technologies, with 80.24% of stock owned by hedge funds and other institutional investors.
• Analysts have given Uber a consensus rating of "Moderate Buy", with price targets reaching up to $115.00 from multiple firms, signaling positive market sentiment.

Sullivan Wood Capital Management LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,180 shares of the ride-sharing company's stock, valued at approximately $950,000. Uber Technologies makes up about 2.0% of Sullivan Wood Capital Management LLC's holdings, making the stock its 11th largest holding.

Other hedge funds have also modified their holdings of the company. West Oak Capital LLC acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $28,000. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter worth approximately $27,000. Kozak & Associates Inc. raised its holdings 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 in the last quarter. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies in the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC raised its holdings 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 worth $29,000 after buying an additional 299 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Barclays reaffirmed an "overweight" rating and set a $110.00 price target (up from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Needham & Company LLC raised their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Finally, Bank of America raised their price target on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $104.09.

Insider Buying and Selling at Uber Technologies

In other news, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Tony West sold 100,000 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total value of $10,038,000.00. Following the transaction, the insider owned 171,558 shares of the company's stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,571 shares of company stock valued at $58,920,741 over the last quarter. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Down 0.1%

Shares of UBER opened at $96.51 on Friday. The firm has a market capitalization of $201.27 billion, a price-to-earnings ratio of 16.44 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. The business's fifty day moving average price is $93.83 and its two-hundred day moving average price is $86.87. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business's quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company earned $0.47 EPS. On average, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share 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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