Cromwell Holdings LLC Purchases 1,873 Shares of Uber Technologies, Inc. $UBER

Cromwell Holdings LLC increased its position in Uber Technologies, Inc. (NYSE:UBER) by 44.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,127 shares of the ride-sharing company’s stock after buying an additional 1,873 shares during the period. Cromwell Holdings LLC’s holdings in Uber Technologies were worth $572,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kozak & Associates Inc. boosted its holdings in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after buying an additional 223 shares during the period. Noble Wealth Management PBC bought a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies during the 2nd quarter valued at about $28,000. Finally, GPS Wealth Strategies Group LLC boosted its holdings in shares of Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock valued at $29,000 after purchasing an additional 299 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on UBER. Barclays reissued an “overweight” rating and set a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a report on Thursday, August 7th. Royal Bank Of Canada increased their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Canaccord Genuity Group reissued a “hold” rating and set a $84.00 price objective (down previously from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Wall Street Zen downgraded shares of Uber Technologies from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Finally, Wedbush lowered their price target on shares of Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a report on Thursday, August 7th. Two analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $104.09.

Insider Buying and Selling at Uber Technologies

In other news, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This trade represents a 2.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at approximately $2,239,733.76. This trade represents a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 604,571 shares of company stock valued at $58,920,741. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Stock Performance

Uber Technologies stock opened at $96.51 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The firm has a market capitalization of $201.27 billion, a P/E ratio of 16.44 and a beta of 1.48. The company’s 50-day moving average is $93.83 and its 200 day moving average is $86.87.

Uber Technologies (NYSE:UBER) last issued its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.