Uber Technologies, Inc. $UBER Shares Bought by Leavell Investment Management Inc.

Leavell Investment Management Inc. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 9.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,076 shares of the ride-sharing company’s stock after buying an additional 2,715 shares during the quarter. Leavell Investment Management Inc.’s holdings in Uber Technologies were worth $2,806,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. West Oak Capital LLC purchased a new position in Uber Technologies during the 2nd quarter valued at about $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $30,000. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the 1st quarter worth approximately $27,000. Truvestments Capital LLC raised its position in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC lifted its stake in Uber Technologies by 158.2% in the 2nd quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock valued at $38,000 after buying an additional 250 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

UBER has been the subject of several recent research reports. Raymond James Financial raised their price target on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Uber Technologies in a research note on Tuesday, October 14th. Royal Bank Of Canada upped their target price on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Sanford C. Bernstein reissued an “outperform” rating and set a $110.00 price objective on shares of Uber Technologies in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and an average target price of $105.91.

Uber Technologies Price Performance

UBER opened at $94.09 on Friday. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99. The company’s 50 day simple moving average is $95.42 and its 200 day simple moving average is $89.56. The stock has a market capitalization of $196.21 billion, a PE ratio of 16.03 and a beta of 1.48. 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 (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 earnings per share. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 100,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the sale, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. The trade was a 36.82% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 transaction, the senior vice president owned 416,222 shares in the company, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 604,946 shares of company stock worth $58,950,116. Corporate insiders own 3.84% of the company’s stock.

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.