Uber Technologies, Inc. $UBER Shares Bought by Janney Montgomery Scott LLC

Key Points

• Janney Montgomery Scott LLC increased its stake in Uber Technologies by 20.8%, owning over 1.13 million shares valued at approximately $105 million at the end of the last quarter.
• Uber's stock recently experienced a 1.1% increase, with current valuations showing a market cap of $207.53 billion and a price-to-earnings ratio of 16.95.
• Several analysts raised their price targets for Uber, with reports indicating a consensus target of $103.30 and a general rating of "Moderate Buy."

Janney Montgomery Scott LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 20.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,130,378 shares of the ride-sharing company's stock after acquiring an additional 194,919 shares during the period. Janney Montgomery Scott LLC owned approximately 0.05% of Uber Technologies worth $105,464,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock worth $4,491,000 after acquiring an additional 2,474 shares during the period. Revolve Wealth Partners LLC boosted its position in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after acquiring an additional 6,129 shares during the period. Bison Wealth LLC boosted its position in Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after acquiring an additional 641 shares during the period. GAMMA Investing LLC boosted its position in Uber Technologies by 30,469.5% during the 1st quarter. GAMMA Investing LLC now owns 1,657,784 shares of the ride-sharing company's stock worth $120,786,000 after acquiring an additional 1,652,361 shares during the period. Finally, American National Bank & Trust boosted its position in Uber Technologies by 320.5% during the 1st quarter. American National Bank & Trust now owns 841 shares of the ride-sharing company's stock worth $61,000 after acquiring an additional 641 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.1%

Shares of UBER stock opened at $99.52 on Tuesday. The stock's 50 day simple moving average is $93.46 and its 200 day simple moving average is $86.56. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a market capitalization of $207.53 billion, a price-to-earnings ratio of 16.95 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings data 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 return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the business earned $0.47 EPS. The firm's revenue was up 18.2% compared to the same quarter last year. As a group, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have commented on UBER shares. Stifel Nicolaus raised their price objective on Uber Technologies from $110.00 to $117.00 and gave the stock a "buy" rating in a research report on Tuesday, July 29th. JPMorgan Chase & Co. lifted their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. BMO Capital Markets lifted their price target on Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Wells Fargo & Company lifted their price target on Uber Technologies from $119.00 to $127.00 and gave the company an "overweight" rating in a report on Friday, September 5th. Finally, Royal Bank Of Canada lifted their price target on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $103.30.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 100,000 shares of Uber Technologies stock in a transaction that occurred on 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 directly owned 171,558 shares of the company's stock, valued at $17,220,992.04. The trade was a 36.82% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value 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. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,571 shares of company stock worth $58,920,741 in the last three months. 3.70% of the stock is owned by insiders.

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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