Uber Technologies, Inc. $UBER Shares Purchased by IFP Advisors Inc

Key Points

• IFP Advisors Inc increased its holdings in Uber Technologies by 27.5% during the second quarter, now owning over 51,000 shares valued at approximately $4.8 million.
• Uber's stock is currently down 3.2%, trading at about $96.06, with a market cap of $200.32 billion and a P/E ratio of 16.36.
• Despite insider selling of shares, analysts remain optimistic; several firms have recently upgraded their target prices for Uber, maintaining a consensus rating of "Moderate Buy" with an average target price of $104.03.

IFP Advisors Inc increased its holdings in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 27.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 51,603 shares of the ride-sharing company's stock after acquiring an additional 11,117 shares during the period. IFP Advisors Inc's holdings in Uber Technologies were worth $4,815,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. West Oak Capital LLC acquired a new position in Uber Technologies during the second quarter worth $28,000. Noble Wealth Management PBC acquired a new position in Uber Technologies during the first quarter worth $27,000. Vision Financial Markets LLC acquired a new position in Uber Technologies during the first quarter worth $27,000. GPS Wealth Strategies Group LLC grew its holdings in Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock worth $29,000 after acquiring an additional 299 shares during the period. Finally, Truvestments Capital LLC grew its holdings in Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after acquiring an additional 339 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Stock Down 3.2%

UBER opened at $96.06 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market cap of $200.32 billion, a P/E ratio of 16.36 and a beta of 1.48. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business's fifty day simple moving average is $94.73 and its 200 day simple moving average is $87.69.

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

Insider Buying and Selling at Uber Technologies

In related news, insider Tony West sold 100,000 shares of the stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the sale, the insider owned 171,558 shares of the company's stock, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction dated 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 sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 601,821 shares of company stock valued at $58,659,491. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

UBER has been the topic of several research reports. Needham & Company LLC upped their target price on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. JPMorgan Chase & Co. upped their target price on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Sanford C. Bernstein upped their target price on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. Raymond James Financial upped their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, August 7th. Finally, KeyCorp upped their target price on Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $104.03.

Uber Technologies Company 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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