Lyell Wealth Management LP Has $17.35 Million Stake in Uber Technologies, Inc. $UBER

Lyell Wealth Management LP grew its holdings in Uber Technologies, Inc. (NYSE:UBER) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 185,905 shares of the ride-sharing company’s stock after purchasing an additional 9,540 shares during the quarter. Uber Technologies comprises 1.4% of Lyell Wealth Management LP’s portfolio, making the stock its 20th biggest holding. Lyell Wealth Management LP’s holdings in Uber Technologies were worth $17,345,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Nova Wealth Management Inc. boosted its position in shares of Uber Technologies by 41.0% in the first quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after acquiring an additional 125 shares during the period. Atticus Wealth Management LLC raised its stake in Uber Technologies by 39.8% during the 2nd quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock valued at $42,000 after purchasing an additional 127 shares during the last quarter. Forum Financial Management LP boosted its holdings in Uber Technologies by 1.3% in the 1st quarter. Forum Financial Management LP now owns 10,956 shares of the ride-sharing company’s stock valued at $798,000 after purchasing an additional 136 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Uber Technologies by 42.1% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 466 shares of the ride-sharing company’s stock worth $34,000 after purchasing an additional 138 shares during the last quarter. Finally, Rogco LP increased its holdings in shares of Uber Technologies by 1.6% during the 2nd quarter. Rogco LP now owns 8,925 shares of the ride-sharing company’s stock worth $833,000 after purchasing an additional 139 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Analysts Set New Price Targets

UBER has been the topic of a number of recent research reports. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the stock a “strong-buy” rating in a research report on Thursday, August 7th. Morgan Stanley reissued an “overweight” rating and set a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. KeyCorp upped their target price on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research note on Monday, July 14th. Cowen reaffirmed a “buy” rating on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a research note on Tuesday, October 14th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $105.68.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This represents a 26.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the completion of the transaction, the senior vice president directly owned 416,222 shares of the company’s stock, valued at approximately $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock worth $58,659,491 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Stock Down 0.2%

Shares of NYSE:UBER opened at $92.29 on Monday. The company’s fifty day moving average is $95.22 and its 200-day moving average is $88.73. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a market capitalization of $192.47 billion, a PE ratio of 15.72 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last announced its 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. The business had revenue of $12.65 billion for 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%.Uber Technologies’s revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal 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.