Key Client Fiduciary Advisors LLC Buys Shares of 4,609 Uber Technologies, Inc. (NYSE:UBER)

Key Client Fiduciary Advisors LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,609 shares of the ride-sharing company’s stock, valued at approximately $335,000.

Several other institutional investors and hedge funds have also made changes to their positions in UBER. Deltec Asset Management LLC boosted its stake in Uber Technologies by 25.9% during the second quarter. Deltec Asset Management LLC now owns 358,347 shares of the ride-sharing company’s stock valued at $26,045,000 after buying an additional 73,680 shares in the last quarter. Farmers Trust Co. bought a new position in shares of Uber Technologies during the 2nd quarter valued at about $3,202,000. Monetary Management Group Inc. acquired a new position in shares of Uber Technologies in the 2nd quarter worth approximately $578,000. Legacy Trust bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $2,911,000. Finally, Great Valley Advisor Group Inc. lifted its stake in Uber Technologies by 8.8% during the second quarter. Great Valley Advisor Group Inc. now owns 40,027 shares of the ride-sharing company’s stock valued at $2,909,000 after purchasing an additional 3,249 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Performance

Shares of NYSE UBER traded up $0.87 during trading hours on Wednesday, hitting $71.93. 11,741,268 shares of the company’s stock were exchanged, compared to its average volume of 19,153,891. The company’s 50-day moving average price is $68.71 and its 200-day moving average price is $71.11. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The stock has a market capitalization of $150.30 billion, a price-to-earnings ratio of 114.34, a PEG ratio of 1.45 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last announced its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Uber Technologies’s revenue was up 15.9% compared to the same quarter last year. On average, sell-side analysts expect that Uber Technologies, Inc. will post 0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the topic of a number of recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, August 7th. Royal Bank of Canada restated an “outperform” rating and set a $80.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Morgan Stanley raised their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a report on Tuesday, July 23rd. Melius initiated coverage on shares of Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price on the stock. Finally, TD Cowen upped their price target on shares of Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.47.

Insiders Place Their Bets

In other Uber Technologies news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Uber Technologies news, insider Tony West sold 28,000 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,117,234 shares of company stock worth $76,982,734. 3.84% of the stock is currently owned by company 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.