Whelan Financial Buys 2,100 Shares of Uber Technologies, Inc. $UBER

Whelan Financial boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 39.4% during the second quarter, Holdings Channel reports. The fund owned 7,435 shares of the ride-sharing company’s stock after purchasing an additional 2,100 shares during the period. Whelan Financial’s holdings in Uber Technologies were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Kozak & Associates Inc. increased its position in Uber Technologies by 155.9% during 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 in the first quarter worth $27,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the first quarter worth $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies in the second quarter worth $28,000. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Uber Technologies by 305.1% in the first quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 299 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insider Activity at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at $98,726,021.12. This trade represents a 13.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 604,571 shares of company stock worth $58,920,741. Corporate insiders own 3.84% of the company’s stock.

Analyst Upgrades and Downgrades

UBER has been the topic of a number of recent analyst reports. UBS Group raised their price target on Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised their price target on Uber Technologies from $105.00 to $110.00 and gave the stock an “overweight” rating in a research report on Friday, July 11th. Morgan Stanley restated an “overweight” rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Bank of America raised their price target on Uber Technologies from $97.00 to $115.00 and gave the stock a “buy” rating in a research report on Tuesday, July 8th. Finally, Wedbush reduced their price objective on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $104.09.

Uber Technologies Stock Performance

Shares of UBER stock opened at $96.51 on Friday. The business’s 50-day moving average price is $93.83 and its 200-day moving average price is $86.87. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The firm has a market capitalization of $201.27 billion, a price-to-earnings ratio of 16.44 and a beta of 1.48. The company has a current ratio of 1.11, a quick 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. Equities research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

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.