Savvy Advisors Inc. Purchases 3,547 Shares of Uber Technologies, Inc. $UBER

Savvy Advisors Inc. grew its position in Uber Technologies, Inc. (NYSE:UBER) by 38.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,864 shares of the ride-sharing company’s stock after purchasing an additional 3,547 shares during the quarter. Savvy Advisors Inc.’s holdings in Uber Technologies were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the first quarter worth approximately $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies in the second quarter worth approximately $28,000. Truvestments Capital LLC boosted its position in shares of Uber Technologies by 498.5% during the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies during the second quarter worth $30,000. Finally, Ransom Advisory Ltd bought a new position in shares of Uber Technologies during the first quarter worth $31,000. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Price Performance

Uber Technologies stock opened at $96.49 on Friday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The company has a market cap of $201.21 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm’s fifty day moving average is $95.56 and its 200 day moving average is $90.22.

Uber Technologies (NYSE:UBER) last announced its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating 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 business had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The business’s revenue for the quarter was up 18.2% on a year-over-year basis. Sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Roth Capital upped their target price 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. Guggenheim upgraded shares of Uber Technologies to a “strong-buy” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a research report on Tuesday, October 14th. BMO Capital Markets upped their target price on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Finally, Needham & Company LLC upped their target price 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 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 stock. According to data from MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and an average price target of $106.82.

Insiders Place Their Bets

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction dated Monday, October 20th. The shares were sold at an average price of $93.00, for a total value of $290,625.00. Following the transaction, the insider directly owned 172,846 shares in the company, valued at approximately $16,074,678. This represents a 1.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 604,946 shares of company stock valued at $58,950,116. 3.84% of the stock is currently owned by company insiders.

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.