Marshall Financial Group LLC Makes New $2.25 Million Investment in Uber Technologies, Inc. $UBER

Marshall Financial Group LLC bought a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 23,291 shares of the ride-sharing company’s stock, valued at approximately $2,252,000.

A number of other institutional investors have also added to or reduced their stakes in UBER. Pershing Square Capital Management L.P. purchased a new stake in Uber Technologies during the 1st quarter valued at approximately $2,207,743,000. Pacer Advisors Inc. grew its holdings in Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after buying an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. grew its holdings in Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Boston Partners grew its holdings in Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock valued at $658,686,000 after buying an additional 2,749,456 shares in the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in Uber Technologies during the 1st quarter valued at approximately $167,532,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, insider Tony West sold 3,125 shares of the stock in a transaction that occurred on Tuesday, August 26th. The stock was sold at an average price of $95.00, for a total transaction of $296,875.00. Following the transaction, the insider owned 170,269 shares in the company, valued at $16,175,555. This trade represents a 1.80% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 348,696 shares of company stock worth $33,243,774. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER opened at $93.07 on Thursday. The business’s 50 day moving average price is $92.60 and its 200 day moving average price is $85.02. The firm has a market cap of $194.09 billion, a P/E ratio of 15.86, a P/E/G ratio of 1.12 and a beta of 1.43. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $99.70. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.Uber Technologies’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Tigress Financial set a $110.00 target price on shares of Uber Technologies and gave the company a “buy” rating in a report on Friday, May 23rd. Barclays reaffirmed an “overweight” rating and set a $110.00 price objective (up from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Wells Fargo & Company lifted their price objective on shares of Uber Technologies from $119.00 to $127.00 and gave the stock an “overweight” rating in a research note on Friday, September 5th. Roth Capital lifted their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the stock a “buy” rating in a research note on Monday, July 14th. Finally, BMO Capital Markets lifted their price objective on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.06.

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.