NorthRock Partners LLC Increases Position in Uber Technologies, Inc. $UBER

NorthRock Partners LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 21.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,782 shares of the ride-sharing company’s stock after purchasing an additional 3,961 shares during the period. NorthRock Partners LLC’s holdings in Uber Technologies were worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Hilltop National Bank purchased a new position in shares of Uber Technologies in the 2nd quarter valued at $96,000. Geneos Wealth Management Inc. grew its position in shares of Uber Technologies by 805.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock valued at $7,483,000 after buying an additional 91,362 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of Uber Technologies by 42.7% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 759,077 shares of the ride-sharing company’s stock valued at $70,822,000 after buying an additional 226,960 shares during the last quarter. Kapstone Financial Advisors LLC purchased a new position in shares of Uber Technologies in the 2nd quarter valued at $415,000. Finally, Annex Advisory Services LLC boosted its stake in Uber Technologies by 35.6% during the 2nd quarter. Annex Advisory Services LLC now owns 552,662 shares of the ride-sharing company’s stock worth $51,563,000 after purchasing an additional 145,071 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent research reports. Stifel Nicolaus increased their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the stock a “buy” rating in a research note on Tuesday, July 29th. Wall Street Zen cut shares of Uber Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, August 9th. Raymond James Financial increased their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research note on Thursday, August 7th. Royal Bank Of Canada increased their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research note on Thursday, August 7th. Finally, Cowen reiterated a “buy” rating on shares of Uber Technologies in a research note on Thursday, August 7th. Two equities research analysts have 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 a consensus rating of “Moderate Buy” and an average price target of $104.03.

Insider Activity at Uber Technologies

In other Uber Technologies news, insider Tony West sold 100,000 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares in the company, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. The transaction 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 dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total transaction of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares of the company’s stock, valued at $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. Insiders sold 601,821 shares of company stock valued at $58,659,491 in the last 90 days. 3.70% of the stock is owned by corporate insiders.

Uber Technologies Stock Down 2.6%

UBER stock opened at $93.52 on Monday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market cap of $195.03 billion, a P/E ratio of 15.93 and a beta of 1.48. The company’s 50-day moving average price is $94.86 and its 200 day moving average price is $88.00.

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