Buck Wealth Strategies LLC Acquires New Stake in Uber Technologies, Inc. $UBER

Buck Wealth Strategies LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 3,861 shares of the ride-sharing company’s stock, valued at approximately $360,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Nova Wealth Management Inc. grew its position in Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock worth $31,000 after buying an additional 125 shares during the last quarter. Atticus Wealth Management LLC grew its position in Uber Technologies by 39.8% in the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock worth $42,000 after buying an additional 127 shares during the last quarter. Forum Financial Management LP grew its position in Uber Technologies by 1.3% in the first quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock worth $798,000 after buying an additional 136 shares during the last quarter. Crewe Advisors LLC grew its position in Uber Technologies by 18.6% in the second quarter. Crewe Advisors LLC now owns 875 shares of the ride-sharing company’s stock worth $82,000 after buying an additional 137 shares during the last quarter. Finally, CBIZ Investment Advisory Services LLC grew its position in Uber Technologies by 42.1% in the first quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock worth $34,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $108.00 price target on shares of Uber Technologies in a research report on Wednesday. Raymond James Financial lifted their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Guggenheim upgraded shares of Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Roth Capital lifted their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Finally, Needham & Company LLC lifted their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $106.18.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of Uber Technologies stock in a transaction 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 sale, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 604,946 shares of company stock worth $58,950,116. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Trading Up 0.2%

NYSE UBER opened at $95.63 on Thursday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. 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 stock has a market cap of $199.43 billion, a price-to-earnings ratio of 16.29 and a beta of 1.48. The firm’s 50 day moving average price is $95.52 and its two-hundred day moving average price is $90.17.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data 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. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same period in the previous year, the company posted $0.47 EPS. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. Equities analysts anticipate that Uber Technologies, Inc. will post 2.54 EPS for the current 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.