TBH Global Asset Management LLC Purchases 665 Shares of Uber Technologies, Inc. $UBER

TBH Global Asset Management LLC grew its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 9.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,055 shares of the ride-sharing company’s stock after buying an additional 665 shares during the quarter. TBH Global Asset Management LLC’s holdings in Uber Technologies were worth $752,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in Uber Technologies by 33.6% during the 1st quarter. UMB Bank n.a. now owns 12,210 shares of the ride-sharing company’s stock valued at $890,000 after purchasing an additional 3,073 shares during the last quarter. Geneos Wealth Management Inc. raised its stake in shares of Uber Technologies by 805.4% in the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after purchasing an additional 91,362 shares during the last quarter. Kapstone Financial Advisors LLC bought a new position in shares of Uber Technologies during the second quarter valued at $415,000. Revolve Wealth Partners LLC boosted its position in shares of Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after buying an additional 6,129 shares during the last quarter. Finally, Davis Investment Partners LLC bought a new stake in Uber Technologies in the 2nd quarter worth about $435,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on UBER shares. Morgan Stanley restated an “overweight” rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Stifel Nicolaus boosted their price objective on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Raymond James Financial increased their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 7th. Royal Bank Of Canada lifted their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Wall Street Zen lowered shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $103.30.

Insider Transactions at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’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 in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 604,571 shares of company stock valued at $58,920,741. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 0.8%

Shares of Uber Technologies stock opened at $98.37 on Friday. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The company’s fifty day simple moving average is $93.29 and its 200-day simple moving average is $86.24. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a market capitalization of $205.14 billion, a PE ratio of 16.76 and a beta of 1.43.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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. The firm 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%.Uber Technologies’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.47 EPS. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

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.