Koshinski Asset Management Inc. Increases Stock Position in Uber Technologies, Inc. $UBER

Koshinski Asset Management Inc. grew its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 8,856 shares of the ride-sharing company’s stock after buying an additional 482 shares during the period. Koshinski Asset Management Inc.’s holdings in Uber Technologies were worth $826,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Hilltop National Bank purchased a new stake in Uber Technologies during the 2nd quarter worth $96,000. Geneos Wealth Management Inc. boosted its position in Uber Technologies by 805.4% during the 1st 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 period. Fort Washington Investment Advisors Inc. OH boosted its position in 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 purchasing an additional 226,960 shares during the period. Kapstone Financial Advisors LLC purchased a new stake in Uber Technologies during the 2nd quarter worth $415,000. Finally, Revolve Wealth Partners LLC boosted its position in Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on UBER shares. Sanford C. Bernstein upped their price target 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. Royal Bank Of Canada upped their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Guggenheim raised shares of Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Raymond James Financial upped 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, July 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $105.68.

Insiders Place Their Bets

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total value 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. This represents a 2.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction 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 trade represents a 10.88% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 601,821 shares of company stock worth $58,659,491. Company insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $92.29 on Monday. The firm has a market cap of $192.47 billion, a PE ratio of 15.72 and a beta of 1.48. The firm’s 50-day simple moving average is $95.22 and its 200-day simple moving average is $88.73. 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 1 year low of $59.33 and a 1 year high of $101.99.

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