Wright Investors Service Inc. Acquires 4,577 Shares of Uber Technologies, Inc. $UBER

Key Points

• Wright Investors Service Inc. increased its holdings in Uber Technologies by 38.5% during the second quarter, now owning 16,451 shares valued at approximately $1.54 million.
• Wall Street analysts have a consensus rating of "Moderate Buy" for Uber Technologies, with price targets ranging from $100 to $115.
• Uber reported a 26.68% net margin for the last quarter and beat earnings estimates with an EPS of $0.63, surpassing the expected $0.61.

Wright Investors Service Inc. increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 38.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,451 shares of the ride-sharing company's stock after acquiring an additional 4,577 shares during the quarter. Wright Investors Service Inc.'s holdings in Uber Technologies were worth $1,535,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Noble Wealth Management PBC acquired a new position in Uber Technologies in the 1st quarter valued at approximately $27,000. Kozak & Associates Inc. increased its stake in 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 buying an additional 223 shares during the period. Vision Financial Markets LLC acquired a new position in Uber Technologies in the 1st quarter valued at approximately $27,000. GPS Wealth Strategies Group LLC increased its stake in 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 buying an additional 299 shares during the period. Finally, Perkins Coie Trust Co increased its stake in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after buying an additional 306 shares during the period. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Price Performance

UBER traded up $3.98 during midday trading on Friday, hitting $98.68. The company had a trading volume of 38,703,086 shares, compared to its average volume of 16,364,744. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $99.70. The firm's 50-day simple moving average is $92.63 and its 200-day simple moving average is $85.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The company has a market capitalization of $205.79 billion, a PE ratio of 16.81, a P/E/G ratio of 1.13 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS 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 company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same quarter in the previous year, the company earned $0.47 EPS. Uber Technologies's revenue was up 18.2% on a year-over-year basis. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity at Uber Technologies

In related news, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $93.94, for a total transaction of $293,562.50. Following the transaction, the insider owned 171,558 shares of the company's stock, valued at $16,116,158.52. This trade represents a 1.79% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. The trade was a 20.94% 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 over the last 90 days. Insiders own 3.84% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on UBER shares. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a research note on Saturday, August 9th. Raymond James Financial increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a "strong-buy" rating in a research note on Thursday, August 7th. UBS Group increased their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Needham & Company LLC increased their price target on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a "buy" rating in a research note on Monday, July 14th. Finally, Wells Fargo & Company increased their price target on shares of Uber Technologies from $119.00 to $127.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus 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.