Uber Technologies, Inc. $UBER Shares Purchased by Blume Capital Management Inc.

Blume Capital Management Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 0.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 164,811 shares of the ride-sharing company’s stock after purchasing an additional 278 shares during the quarter. Uber Technologies makes up approximately 3.1% of Blume Capital Management Inc.’s holdings, making the stock its 5th largest holding. Blume Capital Management Inc.’s holdings in Uber Technologies were worth $15,377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in Uber Technologies in the second quarter valued at $96,000. Geneos Wealth Management Inc. grew its holdings 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 acquiring an additional 91,362 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of Uber Technologies by 42.7% in 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 last quarter. Kapstone Financial Advisors LLC bought a new stake in shares of Uber Technologies in the 2nd quarter worth about $415,000. Finally, Northeast Investment Management raised its stake in shares of Uber Technologies by 168.2% in the 2nd quarter. Northeast Investment Management now owns 91,481 shares of the ride-sharing company’s stock valued at $8,535,000 after purchasing an additional 57,369 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. This trade represents a 13.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.70% of the stock is owned by company insiders.

Uber Technologies Trading Down 0.7%

Shares of NYSE UBER opened at $93.07 on Wednesday. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a market cap of $194.09 billion, a price-to-earnings ratio of 15.86 and a beta of 1.48. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock’s 50 day simple moving average is $95.31 and its 200 day simple moving average is $88.96.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping 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 firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

UBER has been the subject of a number of research reports. UBS Group lifted their price target on Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research note on Thursday, August 7th. Guggenheim upgraded Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Morgan Stanley reiterated an “overweight” rating and issued a $115.00 price target (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Cowen restated a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Finally, Susquehanna lifted their price objective on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “positive” rating in a report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $105.70.

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.