Trifecta Capital Advisors LLC Purchases 6,990 Shares of Uber Technologies, Inc. $UBER

Trifecta Capital Advisors LLC lifted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 7.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 100,921 shares of the ride-sharing company's stock after acquiring an additional 6,990 shares during the period. Uber Technologies makes up about 1.6% of Trifecta Capital Advisors LLC's investment portfolio, making the stock its 20th biggest position. Trifecta Capital Advisors LLC's holdings in Uber Technologies were worth $9,416,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. increased its holdings in shares of Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company's stock worth $31,000 after acquiring an additional 125 shares in the last quarter. Atticus Wealth Management LLC grew its position in shares of Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock valued at $42,000 after purchasing an additional 127 shares during the period. Grove Bank & Trust grew its position in shares of Uber Technologies by 0.9% in the 1st quarter. Grove Bank & Trust now owns 14,139 shares of the ride-sharing company's stock valued at $1,030,000 after purchasing an additional 133 shares during the period. Forum Financial Management LP grew its position in shares of Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company's stock valued at $798,000 after purchasing an additional 136 shares during the period. Finally, CBIZ Investment Advisory Services LLC lifted its stake in Uber Technologies by 42.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company's stock valued at $34,000 after buying an additional 138 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $99.32 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The business's 50 day moving average price is $94.57 and its two-hundred day moving average price is $87.55. The company has a market cap of $207.12 billion, a PE ratio of 16.92 and a beta of 1.48.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $12.45 billion. During the same period in the previous year, the company posted $0.47 EPS. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. On average, analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's 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 completion of the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 1,132,544 shares of the company's stock, valued at approximately $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock worth $58,659,491 in the last 90 days. Corporate insiders own 3.84% of the company's stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of research reports. Wedbush cut their price target on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. Barclays reiterated an "overweight" rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Uber Technologies in a research report on Saturday, September 27th. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Finally, KeyCorp boosted their target price on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $104.03.

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.

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