Uber Technologies, Inc. $UBER Shares Bought by NorthRock Partners LLC

Key Points

• NorthRock Partners LLC increased its stake in Uber Technologies by 21%, owning 22,782 shares valued at approximately $2.13 million as of its last SEC filing.
• Insider trading activity includes CEO Dara Khosrowshahi selling 150,000 shares for $15.07 million, decreasing his ownership by 13.24%.
• Uber Technologies has a market capitalization of $195.03 billion and reported a net margin of 26.68%, with year-over-year revenue growth of 18.2%.

NorthRock Partners LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 21.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,782 shares of the ride-sharing company's stock after purchasing an additional 3,961 shares during the period. NorthRock Partners LLC's holdings in Uber Technologies were worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBER. Vision Financial Markets LLC acquired a new position in Uber Technologies during the first quarter valued at $27,000. West Oak Capital LLC purchased a new position in Uber Technologies in the second quarter valued at $28,000. GPS Wealth Strategies Group LLC increased its holdings in Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after buying an additional 299 shares in the last quarter. Truvestments Capital LLC increased its holdings in Uber Technologies by 498.5% in the first 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 in the last quarter. Finally, Trust Co. of Toledo NA OH purchased a new position in Uber Technologies in the second quarter valued at $30,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the company's 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 sale, the chief executive officer directly owned 982,544 shares of the company's stock, valued at $98,726,021.12. This represents a 13.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the company's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 601,821 shares of company stock worth $58,659,491 over the last 90 days. Company insiders own 3.70% of the company's stock.

Uber Technologies Stock Performance

NYSE:UBER opened at $93.52 on Monday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $195.03 billion, a price-to-earnings ratio of 15.93 and a beta of 1.48. The company's 50-day moving average is $94.86 and its two-hundred day moving average is $88.00. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company 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%. Uber Technologies's revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of recent analyst reports. Wedbush cut their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. Barclays reissued an "overweight" rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. JPMorgan Chase & Co. boosted their target price on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a research note on Friday, July 11th. Cantor Fitzgerald reissued an "overweight" rating and set a $106.00 target price (up previously from $96.00) on shares of Uber Technologies in a research note on Wednesday, June 25th. Finally, UBS Group boosted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research report on Thursday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $104.03.

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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