Brighton Jones LLC Purchases 840 Shares of Uber Technologies, Inc. $UBER

Brighton Jones LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 1.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,762 shares of the ride-sharing company’s stock after acquiring an additional 840 shares during the period. Brighton Jones LLC’s holdings in Uber Technologies were worth $7,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of UBER. Revolve Wealth Partners LLC boosted its stake in shares of Uber Technologies by 65.0% during 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 in the last quarter. Bison Wealth LLC raised its stake in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after buying an additional 641 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Uber Technologies by 319.6% during the first quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock worth $1,658,000 after buying an additional 17,330 shares during the period. Bessemer Group Inc. boosted its position in Uber Technologies by 20.7% during the 1st quarter. Bessemer Group Inc. now owns 32,416 shares of the ride-sharing company’s stock valued at $2,361,000 after acquiring an additional 5,561 shares in the last quarter. Finally, Golden State Wealth Management LLC boosted its position in Uber Technologies by 243.1% during the 1st quarter. Golden State Wealth Management LLC now owns 4,834 shares of the ride-sharing company’s stock valued at $352,000 after acquiring an additional 3,425 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.48, for a total value of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at approximately $98,726,021.12. This trade represents a 13.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the sale, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $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 90 days, insiders have sold 604,946 shares of company stock valued at $58,950,116. 3.84% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UBER has been the subject of several recent research reports. Needham & Company LLC boosted their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Stifel Nicolaus raised their price objective on Uber Technologies from $116.00 to $124.00 and gave the company a “buy” rating in a research report on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Uber Technologies in a research report on Tuesday, October 14th. Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Uber Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $105.91.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $94.09 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 company has a market cap of $196.21 billion, a PE ratio of 16.03 and a beta of 1.48. The business has a 50-day simple moving average of $95.42 and a two-hundred day simple moving average of $89.56. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99.

Uber Technologies (NYSE:UBER) last issued its quarterly 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 business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $0.47 earnings per share. As a group, equities analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal 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.