Baxter Bros Inc. Acquires 5,361 Shares of Uber Technologies, Inc. $UBER

Baxter Bros Inc. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 15.0% in the second quarter, HoldingsChannel.com reports. The fund owned 41,017 shares of the ride-sharing company’s stock after buying an additional 5,361 shares during the quarter. Baxter Bros Inc.’s holdings in Uber Technologies were worth $3,827,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. West Oak Capital LLC bought a new position in shares of Uber Technologies in the second quarter valued at approximately $28,000. Noble Wealth Management PBC bought a new position in shares of Uber Technologies in the first quarter valued at 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 during the last quarter. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the first quarter valued at approximately $27,000. Finally, GPS Wealth Strategies Group LLC raised its stake in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares of the company’s stock, valued at approximately $2,239,733.76. The trade was a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 601,821 shares of company stock worth $58,659,491. Corporate insiders own 3.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on UBER. Cowen restated a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Saturday, September 27th. Sanford C. Bernstein boosted their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. KeyCorp boosted their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a research report on Monday, July 14th. Finally, Royal Bank Of Canada boosted their price objective 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. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $104.03.

Uber Technologies Price Performance

UBER opened at $99.32 on Thursday. The company has a fifty day moving average price of $94.57 and a two-hundred day moving average price of $87.55. 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 52 week low of $59.33 and a 52 week high of $101.99. The firm has a market capitalization of $207.12 billion, a PE ratio of 16.92 and a beta of 1.48.

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