Forvis Mazars Wealth Advisors LLC Takes Position in Uber Technologies, Inc. $UBER

Forvis Mazars Wealth Advisors LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,667 shares of the ride-sharing company’s stock, valued at approximately $249,000.

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

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $93.73 on Tuesday. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The business’s fifty day simple moving average is $95.28 and its 200-day simple moving average is $88.93. The firm has a market cap of $195.46 billion, a PE ratio of 15.97 and a beta of 1.48. 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 announced 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. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. During the same period last year, the business posted $0.47 EPS. Uber Technologies’s revenue for the quarter was up 18.2% on a year-over-year basis. Equities analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

UBER has been the subject of several analyst reports. Canaccord Genuity Group restated a “hold” rating and issued a $84.00 target price (down from $90.00) on shares of Uber Technologies in a report on Friday, June 27th. Roth Capital upped their target price on Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. KeyCorp upped their target price on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Wells Fargo & Company dropped their target price on Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a report on Friday, October 3rd. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Uber Technologies in a report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $105.68.

Insider Activity at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the completion of the transaction, the chief financial officer directly owned 22,528 shares in the company, valued at $2,239,733.76. This trade represents a 10.88% decrease in their position. The sale was disclosed in a legal 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 dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares of the company’s stock, valued at $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 604,946 shares of company stock worth $58,950,116 over the last ninety days. Company insiders own 3.70% of the company’s stock.

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.