Commonwealth Equity Services LLC Grows Position in Uber Technologies, Inc. $UBER

Commonwealth Equity Services LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 4.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 895,290 shares of the ride-sharing company’s stock after acquiring an additional 38,463 shares during the period. Commonwealth Equity Services LLC’s holdings in Uber Technologies were worth $83,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of UBER. West Oak Capital LLC bought a new position in shares of Uber Technologies during the second quarter valued at approximately $28,000. Trust Co. of Toledo NA OH purchased a new stake in Uber Technologies during the second quarter worth $30,000. Vision Financial Markets LLC bought a new stake in Uber Technologies during the 1st quarter valued at $27,000. Truvestments Capital LLC increased 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 valued at $30,000 after acquiring an additional 339 shares during the period. Finally, REAP Financial Group LLC raised its position 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 worth $38,000 after acquiring an additional 250 shares in the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $92.33 on Friday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business’s 50 day moving average price is $95.50 and its 200 day moving average price is $90.95. The company has a quick ratio of 1.11, a current ratio of 1.15 and a debt-to-equity ratio of 0.37. The firm has a market cap of $192.55 billion, a P/E ratio of 11.87 and a beta of 1.46.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.67 by $2.44. The company had revenue of $13.47 billion during the quarter, compared to analyst estimates of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. Uber Technologies’s revenue for the quarter was up 20.4% compared to the same quarter last year. During the same period last year, the firm posted $1.20 EPS. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Roth Capital lifted their target price on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a research note on Monday, July 14th. Royal Bank Of Canada set a $110.00 price objective on shares of Uber Technologies in a research report on Wednesday. Wedbush reduced their price objective on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, Guggenheim reduced their price target on Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Insider Activity at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’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 of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the company’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the completion of the sale, the chief financial officer owned 22,528 shares in the company, valued at $2,239,733.76. The trade was a 10.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 604,946 shares of company stock valued at $58,950,116 over the last ninety days. Corporate insiders own 3.84% of the company’s stock.

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.