Uber Technologies, Inc. $UBER Shares Acquired by Dempze Nancy E

Dempze Nancy E grew its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 82.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,523 shares of the ride-sharing company's stock after purchasing an additional 6,548 shares during the quarter. Dempze Nancy E's holdings in Uber Technologies were worth $1,355,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Kozak & Associates Inc. boosted its position in Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock worth $27,000 after acquiring an additional 223 shares during the last quarter. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter worth about $27,000. Vision Financial Markets LLC acquired a new position in Uber Technologies during the first quarter worth about $27,000. West Oak Capital LLC acquired a new position in Uber Technologies during the second quarter worth about $28,000. Finally, GPS Wealth Strategies Group LLC boosted its position in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lowered their price target on shares of Uber Technologies from $127.00 to $125.00 and set an "overweight" rating on the stock in a research report on Friday, October 3rd. Wedbush lowered 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 report on Thursday, August 7th. Bank of America boosted their target price 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. Mizuho initiated coverage on shares of Uber Technologies in a report on Monday, September 29th. They issued an "outperform" rating and a $130.00 target price on the stock. Finally, Needham & Company LLC boosted their target price on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $104.03.

Insider Buying and Selling

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider owned 86,531 shares of the company's stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 601,821 shares of company stock worth $58,659,491. 3.84% of the stock is currently owned by insiders.

Uber Technologies Trading Up 1.6%

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 52 week low of $59.33 and a 52 week high of $101.99. The stock has a market capitalization of $207.12 billion, a PE ratio of 16.92 and a beta of 1.48. The firm has a 50 day moving average of $94.57 and a two-hundred day moving average of $87.55.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its quarterly 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 net margin of 26.68% and a return on equity of 59.96%. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter in the previous year, the business posted $0.47 EPS. The firm's revenue was up 18.2% on a year-over-year basis. As a group, research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Uber Technologies Company 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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