Uber Technologies, Inc. $UBER Stake Lifted by Chicago Capital LLC

Key Points

• Chicago Capital LLC increased its holdings in Uber Technologies by 5.3%, owning over 1.3 million shares, which makes up 3.0% of their investment portfolio.
• Uber Technologies recently reported quarterly earnings of $0.63 per share, surpassing estimates, with revenue rising by 18.2% year-over-year to $12.65 billion.
• Analysts have shown confidence in Uber's performance, with several raising their price targets, resulting in a consensus price target of $103.30 for the company’s stock.

Chicago Capital LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 5.3% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,308,105 shares of the ride-sharing company's stock after acquiring an additional 66,040 shares during the quarter. Uber Technologies comprises 3.0% of Chicago Capital LLC's investment portfolio, making the stock its 7th biggest holding. Chicago Capital LLC owned about 0.06% of Uber Technologies worth $122,046,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in UBER. Kozak & Associates Inc. boosted its position in shares of Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares during the period. Noble Wealth Management PBC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Stock Up 1.1%

UBER opened at $99.52 on Tuesday. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The stock has a market capitalization of $207.53 billion, a P/E ratio of 16.95 and a beta of 1.43. The business has a 50 day simple moving average of $93.46 and a 200-day simple moving average of $86.56. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings data 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. 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 during the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the business posted $0.47 EPS. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. On average, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on UBER. Stifel Nicolaus increased 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. Morgan Stanley reaffirmed an "overweight" rating and set a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Piper Sandler increased their price objective on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Raymond James Financial increased their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen cut Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.30.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tony West sold 100,000 shares of the firm's stock in a transaction 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 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 ninety days. 3.70% of the stock is owned by insiders.

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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