QTR Family Wealth LLC Has $413,000 Stake in Uber Technologies, Inc. $UBER

QTR Family Wealth LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 26.9% in the second quarter, Holdings Channel reports. The fund owned 4,429 shares of the ride-sharing company’s stock after acquiring an additional 939 shares during the period. QTR Family Wealth LLC’s holdings in Uber Technologies were worth $413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Kozak & Associates Inc. boosted its position in shares of Uber Technologies by 155.9% during the first quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies during the first quarter worth about $27,000. Vision Financial Markets LLC acquired a new position in shares of Uber Technologies during the first quarter worth about $27,000. West Oak Capital LLC acquired a new position in shares of Uber Technologies during the second quarter worth about $28,000. Finally, GPS Wealth Strategies Group LLC boosted its position in shares of Uber Technologies by 305.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 299 shares during the period. 80.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on UBER shares. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Roth Capital increased their price target on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research report on Monday, July 14th. Stifel Nicolaus increased their price target on Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Wall Street Zen cut Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $106.00 price target (up from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.09.

Uber Technologies Price Performance

NYSE:UBER opened at $97.94 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock’s 50 day moving average price is $93.58 and its two-hundred day moving average price is $86.64. The firm has a market capitalization of $204.25 billion, a price-to-earnings ratio of 16.68 and a beta of 1.43. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for 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 business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 earnings per share. On average, analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares in the company, valued at $17,220,992.04. This represents a 36.82% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 604,571 shares of company stock valued at $58,920,741. Company insiders own 3.70% of the company’s stock.

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.