Whelan Financial Acquires 2,100 Shares of Uber Technologies, Inc. $UBER

Whelan Financial boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 39.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,435 shares of the ride-sharing company’s stock after acquiring an additional 2,100 shares during the quarter. Whelan Financial’s holdings in Uber Technologies were worth $694,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBER. Pershing Square Capital Management L.P. acquired a new position in Uber Technologies during the first quarter valued at approximately $2,207,743,000. Kingstone Capital Partners Texas LLC grew its holdings in Uber Technologies by 334,075.7% during the second quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after purchasing an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. grew its holdings in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Finally, Boston Partners grew its holdings in Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after purchasing an additional 2,749,456 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was 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 owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This represents a 20.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 approximately $2,239,733.76. This represents a 10.88% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 604,571 shares of company stock worth $58,920,741. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

UBER has been the topic of several analyst reports. Canaccord Genuity Group reiterated a “hold” rating and set a $84.00 price target (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. BMO Capital Markets lifted their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. UBS Group lifted 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. Wedbush cut their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Finally, Raymond James Financial lifted their price objective on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $104.09.

Uber Technologies Price Performance

Shares of UBER opened at $96.51 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. The stock has a 50 day simple moving average of $93.83 and a 200 day simple moving average of $86.87. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The firm has a market capitalization of $201.27 billion, a PE ratio of 16.44 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 EPS. The business’s revenue was up 18.2% on a year-over-year basis. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

About Uber Technologies

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.