Uber Technologies, Inc. $UBER Shares Purchased by Rossby Financial LCC

Rossby Financial LCC boosted its position in Uber Technologies, Inc. (NYSE:UBER) by 460.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 549 shares of the ride-sharing company’s stock after buying an additional 451 shares during the quarter. Rossby Financial LCC’s holdings in Uber Technologies were worth $51,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. West Oak Capital LLC acquired a new position in Uber Technologies in the 2nd quarter worth $28,000. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at about $30,000. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at about $27,000. Truvestments Capital LLC raised its stake in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 339 shares in the last quarter. Finally, REAP Financial Group LLC raised its stake in shares of 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 purchasing an additional 250 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Uber Technologies Price Performance

NYSE UBER opened at $95.63 on Thursday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. 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 has a market cap of $199.43 billion, a price-to-earnings ratio of 16.29 and a beta of 1.48. The company has a 50-day moving average price of $95.52 and a two-hundred day moving average price of $90.17.

Uber Technologies (NYSE:UBER) last posted its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS 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 during the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter in the prior year, the firm earned $0.47 EPS. Uber Technologies’s quarterly revenue was up 18.2% on a year-over-year basis. Analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on UBER shares. Mizuho started coverage on shares of Uber Technologies in a research note on Monday, September 29th. They issued an “outperform” rating and a $130.00 target price on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a research note on Tuesday, October 14th. Wedbush cut their target price on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Susquehanna upped their target price on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research note on Thursday, August 7th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $106.18.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 604,946 shares of company stock valued at $58,950,116. 3.84% of the stock is currently owned by insiders.

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.