Turtle Creek Wealth Advisors LLC Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

• Turtle Creek Wealth Advisors LLC has made a new investment in Uber Technologies, acquiring 6,193 shares valued at approximately $578,000.
• Following recent earnings, Uber Technologies reported an EPS of $0.63, exceeding estimates, with a revenue of $12.65 billion for the quarter - an 18.2% year-over-year increase.
• Research firms have raised their target price for Uber, with several analysts giving it a consensus rating of "Moderate Buy" and an average target price of $105.68.

Turtle Creek Wealth Advisors LLC bought a new position in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,193 shares of the ride-sharing company's stock, valued at approximately $578,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth $27,000. West Oak Capital LLC acquired a new position in Uber Technologies in the 2nd quarter valued at $28,000. Truvestments Capital LLC grew its stake in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new position in Uber Technologies in the 2nd quarter valued at $30,000. Finally, Ransom Advisory Ltd acquired a new position in Uber Technologies in the 1st quarter valued at $31,000. Hedge funds and other institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Down 2.2%

Shares of NYSE UBER opened at $92.47 on Friday. The stock has a market cap of $192.84 billion, a P/E ratio of 15.75 and a beta of 1.48. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. 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 firm has a 50 day moving average price of $95.17 and a 200 day moving average price of $88.37.

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, topping analysts' consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.47 earnings per share. Analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Activity

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tony West sold 100,000 shares of the stock in a transaction dated Monday, September 22nd. The shares were 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. The trade was a 36.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 601,821 shares of company stock valued at $58,659,491. 3.84% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UBER. Sanford C. Bernstein raised their target price on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Weiss Ratings reissued a "buy (b-)" rating on shares of Uber Technologies in a report on Tuesday. Mizuho began coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an "outperform" rating and a $130.00 price target for the company. KeyCorp increased their price target on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Finally, Bank of America increased their price target on shares of Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a report on Tuesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $105.68.

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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