Uber Technologies, Inc. $UBER Stake Lifted by Ferguson Wellman Capital Management Inc.

Key Points

• Ferguson Wellman Capital Management Inc. raised its stake in Uber Technologies by 41.7%, acquiring 235,321 additional shares, which now account for around 1.3% of its investment portfolio.
• Uber reported $12.65 billion in revenue for the most recent quarter, exceeding analyst estimates and indicating an 18.2% year-over-year growth.
• Several analysts have upgraded Uber's price targets, with some setting them as high as $115.00, reflecting a strong overall sentiment towards the company's stock.

Ferguson Wellman Capital Management Inc. boosted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 41.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 799,487 shares of the ride-sharing company's stock after buying an additional 235,321 shares during the quarter. Uber Technologies accounts for approximately 1.3% of Ferguson Wellman Capital Management Inc.'s holdings, making the stock its 23rd biggest holding. Ferguson Wellman Capital Management Inc.'s holdings in Uber Technologies were worth $74,592,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Marshall Financial Group LLC acquired a new position in Uber Technologies in the 2nd quarter worth $2,252,000. Bigelow Investment Advisors LLC acquired a new position in Uber Technologies in the 2nd quarter worth $353,000. Andrew Hill Investment Advisors Inc. lifted its holdings in Uber Technologies by 84.3% in the 2nd quarter. Andrew Hill Investment Advisors Inc. now owns 58,057 shares of the ride-sharing company's stock worth $5,417,000 after buying an additional 26,562 shares in the last quarter. Community Trust & Investment Co. lifted its holdings in Uber Technologies by 1.8% in the 2nd quarter. Community Trust & Investment Co. now owns 203,686 shares of the ride-sharing company's stock worth $19,004,000 after buying an additional 3,648 shares in the last quarter. Finally, Atticus Wealth Management LLC lifted its holdings in Uber Technologies by 39.8% in the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company's stock worth $42,000 after buying an additional 127 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders have sold 354,571 shares of company stock worth $33,810,741 in the last quarter. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Performance

UBER traded up $3.98 on Friday, hitting $98.68. 38,703,086 shares of the company's stock were exchanged, compared to its average volume of 16,364,744. The firm has a market cap of $205.79 billion, a PE ratio of 16.13, a P/E/G ratio of 1.09 and a beta of 1.43. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $99.70. The stock has a fifty day moving average of $92.63 and a two-hundred day moving average of $85.32. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

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, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same quarter in the prior year, the business earned $0.47 earnings per share. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. On average, research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBER. Sanford C. Bernstein increased their price target on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a research report on Monday, July 21st. Wedbush reduced their target price on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating on the stock in a report on Thursday, August 7th. Needham & Company LLC boosted their price target on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. Morgan Stanley reissued an "overweight" rating and set a $115.00 price target (up from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Finally, Tigress Financial set a $110.00 price objective on shares of Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $103.06.

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.