Uber Technologies, Inc. $UBER Shares Purchased by Clare Market Investments LLC

Clare Market Investments LLC boosted its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 19.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,790 shares of the ride-sharing company’s stock after acquiring an additional 13,917 shares during the quarter. Uber Technologies accounts for approximately 1.8% of Clare Market Investments LLC’s investment portfolio, making the stock its 14th biggest position. Clare Market Investments LLC’s holdings in Uber Technologies were worth $8,098,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBER. Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies during the 4th quarter worth approximately $27,000. Kozak & Associates Inc. raised its stake in shares of Uber Technologies by 155.9% in the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 223 shares in the last quarter. Noble Wealth Management PBC purchased a new position in Uber Technologies in the first quarter valued at $27,000. Vision Financial Markets LLC acquired a new position in Uber Technologies during the 1st quarter worth $27,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares during the period. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s 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 owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s 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 sale, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 354,571 shares of company stock worth $33,810,741. 3.84% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on UBER shares. Roth Capital lifted their price objective on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Tigress Financial set a $110.00 price target on shares of Uber Technologies and gave the stock a “buy” rating in a research note on Friday, May 23rd. Canaccord Genuity Group reissued a “hold” rating and issued a $84.00 price objective (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Wells Fargo & Company lifted their price objective on shares of Uber Technologies from $119.00 to $127.00 and gave the stock an “overweight” rating in a research report on Friday, September 5th. Finally, Raymond James Financial boosted their target price 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. One research analyst has 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 data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $103.06.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $94.59 on Friday. 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 one year low of $59.33 and a one year high of $99.70. The firm has a market capitalization of $197.26 billion, a P/E ratio of 16.11, a PEG ratio of 1.07 and a beta of 1.43. The company’s fifty day moving average is $92.56 and its two-hundred day moving average is $85.15.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. 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 business earned $0.47 earnings per share. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

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.