21,021 Shares in Uber Technologies, Inc. $UBER Acquired by Eleva Capital SAS

Eleva Capital SAS purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, HoldingsChannel reports. The fund purchased 21,021 shares of the ride-sharing company’s stock, valued at approximately $1,961,000. Uber Technologies comprises 0.4% of Eleva Capital SAS’s portfolio, making the stock its 16th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of UBER. Vision Financial Markets LLC acquired a new stake in shares of Uber Technologies in the 1st quarter worth approximately $27,000. West Oak Capital LLC acquired a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $28,000. Truvestments Capital LLC grew its holdings 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 worth $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH acquired a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $30,000. Finally, Ransom Advisory Ltd acquired a new stake in shares of Uber Technologies in the 1st quarter worth approximately $31,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tony West sold 3,125 shares of Uber Technologies stock in a transaction on Monday, October 20th. The shares were sold at an average price of $93.00, for a total value of $290,625.00. Following the completion of the transaction, the insider owned 172,846 shares in the company, valued at $16,074,678. The trade was a 1.78% 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 valued at $58,950,116. 3.84% of the stock is currently owned by insiders.

Analysts Set New Price Targets

UBER has been the topic of a number of analyst reports. Stifel Nicolaus increased their target price on Uber Technologies from $116.00 to $124.00 and gave the company a “buy” rating in a report on Friday, October 24th. Piper Sandler increased their target price on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Wedbush lowered their target price on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Barclays reiterated an “overweight” rating and set a $110.00 target price (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $106.82.

Uber Technologies Price Performance

UBER stock opened at $96.71 on Friday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The stock’s fifty day simple moving average is $95.56 and its 200-day simple moving average is $90.50. 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 stock has a market capitalization of $201.68 billion, a price-to-earnings ratio of 16.48 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. During the same quarter last year, the firm earned $0.47 earnings per share. The business’s revenue was up 18.2% on a year-over-year basis. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Uber Technologies 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.