Woodmont Investment Counsel LLC Makes New Investment in Uber Technologies, Inc. $UBER

Key Points

• Woodmont Investment Counsel LLC has acquired a new stake in Uber Technologies, purchasing 2,613 shares valued at approximately $244,000 during the second quarter of the year.
• Uber Technologies reported a quarterly earnings of $0.63 EPS, exceeding analysts' expectations and showing an 18.2% year-over-year revenue growth.
• Research firms have recently increased their target prices for Uber stock; BMO Capital Markets raised theirs from $101.00 to $113.00, maintaining an "outperform" rating.

Woodmont Investment Counsel LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 2,613 shares of the ride-sharing company's stock, valued at approximately $244,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Three Bridge Wealth Advisors LLC purchased a new stake in shares of Uber Technologies during the 2nd quarter valued at $345,000. Beacon Financial Advisory LLC boosted its holdings in shares of Uber Technologies by 7.1% in the 2nd quarter. Beacon Financial Advisory LLC now owns 3,147 shares of the ride-sharing company's stock worth $294,000 after purchasing an additional 208 shares in the last quarter. Marietta Wealth Management LLC increased its position in shares of Uber Technologies by 0.3% during the 2nd quarter. Marietta Wealth Management LLC now owns 49,949 shares of the ride-sharing company's stock valued at $4,660,000 after purchasing an additional 150 shares during the last quarter. OLD National Bancorp IN raised its holdings in shares of Uber Technologies by 9.5% during the 2nd quarter. OLD National Bancorp IN now owns 17,769 shares of the ride-sharing company's stock valued at $1,658,000 after buying an additional 1,541 shares in the last quarter. Finally, MBL Wealth LLC boosted its stake in Uber Technologies by 6.3% in the second quarter. MBL Wealth LLC now owns 3,573 shares of the ride-sharing company's stock worth $333,000 after buying an additional 213 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Price Performance

Shares of UBER stock opened at $100.02 on Tuesday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The firm has a market cap of $208.58 billion, a P/E ratio of 17.04 and a beta of 1.48. The business's 50 day moving average price is $94.12 and its 200-day moving average price is $87.40.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $12.65 billion during 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 firm's revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on UBER. BMO Capital Markets increased their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the company an "outperform" rating in a report on Thursday, August 7th. Cowen reaffirmed a "buy" rating on shares of Uber Technologies in a research note on Thursday, August 7th. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. KeyCorp increased 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. Finally, Raymond James Financial lifted their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $104.03.

Insiders Place Their Bets

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction that occurred on 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 transaction, the insider directly owned 86,531 shares of the company's stock, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 601,821 shares of company stock valued at $58,659,491 over the last ninety days. 3.70% of the stock is owned by corporate 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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