Uber Technologies, Inc. $UBER Shares Acquired by Kingsman Wealth Management Inc.

Key Points

• Kingsman Wealth Management Inc. increased its stake in Uber Technologies by **81.0%**, acquiring an additional 10,825 shares, bringing its total holdings to 24,192 shares, valued at approximately **$2.26 million**.
• Multiple hedge funds have recently modified their holdings in Uber, with **institutional investors owning 80.24%** of the company's stock, indicating strong interest and confidence among major investment firms.
• Uber Technologies reported earnings of **$0.63** per share, beating analysts' estimates, with **revenue of $12.65 billion**, showing an **18.2%** year-over-year increase.

Kingsman Wealth Management Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 81.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,192 shares of the ride-sharing company's stock after acquiring an additional 10,825 shares during the period. Uber Technologies comprises about 1.4% of Kingsman Wealth Management Inc.'s holdings, making the stock its 17th biggest holding. Kingsman Wealth Management Inc.'s holdings in Uber Technologies were worth $2,257,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of UBER. UMB Bank n.a. raised its holdings in shares of Uber Technologies by 33.6% during the first quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company's stock valued at $890,000 after acquiring an additional 3,073 shares during the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company's stock valued at $7,483,000 after acquiring an additional 91,362 shares during the last quarter. Kapstone Financial Advisors LLC acquired a new position in Uber Technologies in the 2nd quarter valued at $415,000. Revolve Wealth Partners LLC raised its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after purchasing an additional 6,129 shares during the last quarter. Finally, Davis Investment Partners LLC acquired a new position in Uber Technologies in the 2nd quarter valued at $435,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Barclays reissued an "overweight" rating and issued a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Sanford C. Bernstein increased their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Needham & Company LLC raised their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of "Moderate Buy" and an average target price of $103.06.

Uber Technologies Stock Down 0.2%

Shares of NYSE:UBER opened at $97.60 on Friday. The business has a 50-day moving average price of $93.13 and a 200 day moving average price of $85.95. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $203.55 billion, a price-to-earnings ratio of 16.63 and a beta of 1.43. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

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

Insider Transactions at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on 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 approximately $38,184,206.28. This trade represents a 2.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares of the company's stock, valued at $98,726,021.12. This trade represents a 13.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,571 shares of company stock worth $58,920,741 in the last three months. 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.

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