Uber Technologies, Inc. $UBER Shares Purchased by Hobart Private Capital LLC

Key Points

• Hobart Private Capital LLC increased its stake in Uber Technologies by 72.4%, owning 11,323 shares valued at approximately $1.06 million after purchasing an additional 4,756 shares in the second quarter.
• Uber reported a quarterly earnings per share (EPS) of $0.63, which exceeded analysts' expectations, and its revenue grew by 18.2% year-over-year, totaling $12.65 billion.
• CEO Dara Khosrowshahi sold 150,000 shares of Uber stock recently, resulting in a 13.24% decrease in his ownership position.

Hobart Private Capital LLC lifted its stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 72.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,323 shares of the ride-sharing company's stock after purchasing an additional 4,756 shares during the quarter. Hobart Private Capital LLC's holdings in Uber Technologies were worth $1,056,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vision Financial Markets LLC acquired a new stake in Uber Technologies during the first quarter worth $27,000. West Oak Capital LLC acquired a new stake in Uber Technologies during the second quarter worth $28,000. Truvestments Capital LLC grew its stake in shares of 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. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies in the second quarter valued at $30,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Uber Technologies in the first quarter valued at $31,000. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Down 0.6%

Shares of NYSE UBER opened at $94.09 on Friday. The company has a market capitalization of $196.21 billion, a price-to-earnings ratio of 16.03 and a beta of 1.48. 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 business has a 50-day moving average of $95.42 and a two-hundred day moving average of $89.38. 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 announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies's revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.47 EPS. On average, analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 150,000 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the transaction, the chief executive officer owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Tony West sold 3,125 shares of the business's stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the transaction, the insider owned 172,846 shares in the company, valued at $16,074,678. This trade represents a 1.78% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on UBER shares. UBS Group lifted their price objective on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a research note on Thursday, August 7th. Mizuho started coverage on Uber Technologies in a research note on Monday, September 29th. They issued an "outperform" rating and a $130.00 price objective for the company. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Wells Fargo & Company decreased their target price on Uber Technologies from $127.00 to $125.00 and set an "overweight" rating for the company in a report on Friday, October 3rd. Finally, Cowen reiterated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $105.91.

About Uber Technologies

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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