Neo Ivy Capital Management Purchases Shares of 33,864 Uber Technologies, Inc. (NYSE:UBER)

Neo Ivy Capital Management bought a new position in Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, HoldingsChannel reports. The fund bought 33,864 shares of the ride-sharing company’s stock, valued at approximately $2,461,000.

Other large investors have also made changes to their positions in the company. PFG Investments LLC grew its holdings in shares of Uber Technologies by 374.6% in the 1st quarter. PFG Investments LLC now owns 63,450 shares of the ride-sharing company’s stock worth $4,885,000 after purchasing an additional 50,080 shares during the last quarter. US Bancorp DE grew its holdings in Uber Technologies by 2.5% during the 4th quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock worth $61,310,000 after acquiring an additional 24,059 shares during the last quarter. Brookstone Capital Management grew its holdings in Uber Technologies by 19.0% during the 2nd quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after acquiring an additional 25,814 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its holdings in Uber Technologies by 26.4% during the 2nd quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after acquiring an additional 8,614 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its holdings in Uber Technologies by 70.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock worth $959,000 after acquiring an additional 6,426 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 89,234 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Tony West sold 89,234 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the transaction, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders sold 617,234 shares of company stock valued at $44,017,734 in the last ninety days. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Down 0.4 %

NYSE UBER traded down $0.30 during trading hours on Tuesday, reaching $73.88. 3,809,155 shares of the company’s stock were exchanged, compared to its average volume of 18,943,148. The company’s 50-day moving average is $69.07 and its two-hundred day moving average is $71.29. Uber Technologies, Inc. has a one year low of $40.09 and a one year high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market capitalization of $154.37 billion, a price-to-earnings ratio of 118.81, a price-to-earnings-growth ratio of 1.30 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last posted 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 return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the prior year, the business earned $0.18 EPS. Uber Technologies’s revenue for the quarter was up 15.9% compared to the same quarter last year. On average, analysts forecast that Uber Technologies, Inc. will post 1.04 EPS for the current fiscal year.

Analysts Set New Price Targets

UBER has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. TD Cowen increased their price objective on shares of Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Loop Capital decreased their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. JMP Securities increased their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 7th. Finally, Jefferies Financial Group cut their target price on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $87.47.

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.