Commons Capital LLC Makes New $233,000 Investment in Uber Technologies, Inc. (NYSE:UBER)

Commons Capital LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,201 shares of the ride-sharing company’s stock, valued at approximately $233,000.

Other institutional investors have also recently made changes to their positions in the company. Vance Wealth Inc. bought a new position in shares of Uber Technologies during the second quarter valued at approximately $506,000. Stablepoint Partners LLC raised its holdings in shares of Uber Technologies by 0.7% during the second quarter. Stablepoint Partners LLC now owns 47,513 shares of the ride-sharing company’s stock valued at $3,453,000 after acquiring an additional 328 shares in the last quarter. Markel Group Inc. raised its holdings in shares of Uber Technologies by 22.4% during the second quarter. Markel Group Inc. now owns 71,000 shares of the ride-sharing company’s stock valued at $5,160,000 after acquiring an additional 13,000 shares in the last quarter. Larson Financial Group LLC raised its holdings in shares of Uber Technologies by 53.6% during the second quarter. Larson Financial Group LLC now owns 2,378 shares of the ride-sharing company’s stock valued at $173,000 after acquiring an additional 830 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in shares of Uber Technologies by 12.8% during the second quarter. Foundations Investment Advisors LLC now owns 6,262 shares of the ride-sharing company’s stock valued at $455,000 after acquiring an additional 713 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The stock was 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 of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction that occurred on 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 owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.1 %

Shares of UBER opened at $71.49 on Thursday. The business’s 50 day moving average is $69.56 and its 200 day moving average is $71.32. The company has a market capitalization of $150.20 billion, a PE ratio of 115.40, a price-to-earnings-growth ratio of 1.31 and a beta of 1.33. Uber Technologies, Inc. has a 12-month low of $40.09 and a 12-month high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last issued its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.16. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.18 EPS. Research analysts expect that Uber Technologies, Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. TD Cowen increased their price objective on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Piper Sandler increased their target price on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Truist Financial increased their target price on Uber Technologies from $86.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Loop Capital increased their target price on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.60.

Uber Technologies Company 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.