Uber Technologies, Inc. $UBER Shares Purchased by PDS Planning Inc

PDS Planning Inc raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 13.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,471 shares of the ride-sharing company’s stock after acquiring an additional 1,019 shares during the period. PDS Planning Inc’s holdings in Uber Technologies were worth $790,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Hilltop National Bank purchased a new position in Uber Technologies during the second quarter worth approximately $96,000. Geneos Wealth Management Inc. increased its stake in shares of Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock worth $7,483,000 after acquiring an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Uber Technologies by 42.7% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock worth $70,822,000 after acquiring an additional 226,960 shares during the period. Kapstone Financial Advisors LLC acquired a new position in shares of Uber Technologies during the 2nd quarter valued at about $415,000. Finally, Revolve Wealth Partners LLC grew its holdings in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock valued at $939,000 after purchasing an additional 6,129 shares during the period. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Uber Technologies Stock Down 2.6%

NYSE:UBER opened at $93.52 on Friday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The stock’s fifty day moving average is $94.86 and its two-hundred day moving average is $87.91. The stock has a market capitalization of $195.03 billion, a price-to-earnings ratio of 15.93 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating 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 business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the previous year, the firm posted $0.47 earnings per share. The company’s revenue was up 18.2% on a year-over-year basis. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insider Transactions at Uber Technologies

In related news, 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 transaction of $10,038,000.00. Following the sale, the insider directly owned 171,558 shares of the company’s stock, valued at $17,220,992.04. This represents a 36.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction that occurred 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 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 valued at $58,659,491. 3.84% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group lifted their price target on shares of Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. upped their price objective on Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, July 11th. Sanford C. Bernstein raised their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. Finally, Wedbush decreased their price target on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $104.03.

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.