Ridgewood Investments LLC Takes $48,000 Position in Uber Technologies, Inc. (NYSE:UBER)

Ridgewood Investments LLC purchased a new position in Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 655 shares of the ride-sharing company’s stock, valued at approximately $48,000.

Other hedge funds have also recently bought and sold shares of the company. Financial Management Professionals Inc. raised its position in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Uber Technologies in the first quarter worth $32,000. GW&K Investment Management LLC acquired a new stake in shares of Uber Technologies during the fourth quarter valued at $33,000. Founders Capital Management purchased a new stake in Uber Technologies during the 2nd quarter worth about $33,000. Finally, Private Wealth Management Group LLC acquired a new position in Uber Technologies in the 4th quarter valued at about $36,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UBER shares. DA Davidson boosted their price objective on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, August 7th. Citigroup lifted their target price on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Evercore ISI increased their price target on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 7th. Melius Research began coverage on Uber Technologies in a research report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Morgan Stanley increased their target price on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.50.

Uber Technologies Stock Up 0.7 %

UBER stock traded up $0.49 during trading on Friday, reaching $72.73. The stock had a trading volume of 2,228,884 shares, compared to its average volume of 18,503,699. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $69.44 and a 200 day moving average price of $71.43. The company has a market capitalization of $152.80 billion, a P/E ratio of 117.53, a PEG ratio of 1.31 and a beta of 1.36. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year. On average, equities analysts anticipate that Uber Technologies, Inc. will post 1.04 earnings per share for the current year.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 28,000 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s 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 owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Over the last quarter, insiders sold 617,234 shares of company stock valued at $44,017,734. 3.84% of the stock is currently owned by corporate 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.