Uber Technologies, Inc. $UBER Shares Bought by Spirepoint Private Client LLC

Key Points

• Spirepoint Private Client LLC increased its holdings in Uber by 4.4% in Q2, owning 61,374 shares valued at approximately $5.7 million.
• Uber CEO Dara Khosrowshahi sold 300,000 shares for $28.6 million, significantly reducing his ownership stake by 20.94%.
• Uber’s stock performance shows a one-year price range between $59.33 and $101.99, with recent earnings surpassing analyst expectations with a revenue of $12.65 billion.

Spirepoint Private Client LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 61,374 shares of the ride-sharing company's stock after purchasing an additional 2,576 shares during the period. Spirepoint Private Client LLC's holdings in Uber Technologies were worth $5,726,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Signaturefd LLC grew its holdings in Uber Technologies by 0.8% in the second quarter. Signaturefd LLC now owns 38,961 shares of the ride-sharing company's stock valued at $3,635,000 after purchasing an additional 304 shares during the period. ORG Partners LLC grew its holdings in Uber Technologies by 41.7% in the second quarter. ORG Partners LLC now owns 6,098 shares of the ride-sharing company's stock valued at $562,000 after purchasing an additional 1,794 shares during the period. Asset Allocation & Management Company LLC acquired a new stake in Uber Technologies in the second quarter valued at approximately $241,000. Meridian Investment Counsel Inc. acquired a new stake in Uber Technologies in the second quarter valued at approximately $1,602,000. Finally, Eagle Global Advisors LLC grew its holdings in Uber Technologies by 1.1% in the second quarter. Eagle Global Advisors LLC now owns 135,730 shares of the ride-sharing company's stock valued at $12,664,000 after purchasing an additional 1,475 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,571 shares of company stock valued at $58,920,741 in the last 90 days. 3.84% of the stock is owned by insiders.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $98.37 on Friday. Uber Technologies, Inc. has a one year low of $59.33 and a one year high of $101.99. The company has a market cap of $205.14 billion, a price-to-earnings ratio of 16.76 and a beta of 1.43. 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 business's 50 day moving average price is $93.29 and its 200 day moving average price is $86.14.

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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter last year, the business posted $0.47 earnings per share. The firm's revenue was up 18.2% compared to the same quarter last year. On average, research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBER. Piper Sandler lifted their price target on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. Sanford C. Bernstein lifted their price target on Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. UBS Group lifted their price target on Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Finally, Wedbush lowered their price target on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a research note on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Uber Technologies has an average rating of "Moderate Buy" and an average target price of $103.30.

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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