Brighton Jones LLC Increases Holdings in Uber Technologies, Inc. $UBER

Brighton Jones LLC lifted its position in Uber Technologies, Inc. (NYSE:UBER) by 1.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 76,762 shares of the ride-sharing company’s stock after purchasing an additional 840 shares during the quarter. Brighton Jones LLC’s holdings in Uber Technologies were worth $7,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Graybill Wealth Management LTD. raised its stake in shares of Uber Technologies by 0.6% in the second quarter. Graybill Wealth Management LTD. now owns 69,312 shares of the ride-sharing company’s stock worth $6,467,000 after purchasing an additional 399 shares during the last quarter. Leavell Investment Management Inc. raised its stake in shares of Uber Technologies by 9.9% in the second quarter. Leavell Investment Management Inc. now owns 30,076 shares of the ride-sharing company’s stock worth $2,806,000 after purchasing an additional 2,715 shares during the last quarter. Shaker Investments LLC OH raised its stake in shares of Uber Technologies by 79.6% in the second quarter. Shaker Investments LLC OH now owns 45,779 shares of the ride-sharing company’s stock worth $4,271,000 after purchasing an additional 20,294 shares during the last quarter. CVA Family Office LLC raised its stake in shares of Uber Technologies by 21.3% in the second quarter. CVA Family Office LLC now owns 4,328 shares of the ride-sharing company’s stock worth $404,000 after purchasing an additional 759 shares during the last quarter. Finally, Brian Low Financial Group LLC purchased a new position in shares of Uber Technologies in the second quarter worth about $300,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.6%

Shares of UBER opened at $94.09 on Friday. 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, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. The stock’s 50 day moving average is $95.42 and its two-hundred day moving average is $89.56. The firm has a market cap of $196.21 billion, a P/E ratio of 16.03 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating 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 company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. During the same period last year, the company earned $0.47 earnings per share. Uber Technologies’s quarterly revenue was up 18.2% compared to the same quarter last year. Analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBER has been the subject of several recent research reports. KeyCorp lifted their price target on Uber Technologies from $90.00 to $110.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Piper Sandler lifted their price target on Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Bank of America lifted their price target on Uber Technologies from $97.00 to $115.00 and gave the company a “buy” rating in a research report on Tuesday, July 8th. Wells Fargo & Company reduced their price target on Uber Technologies from $127.00 to $125.00 and set an “overweight” rating for the company in a research report on Friday, October 3rd. Finally, Royal Bank Of Canada lifted their price target on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating and eight have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $105.91.

Insider Buying and Selling

In other Uber Technologies news, insider Tony West sold 3,125 shares of the firm’s stock in a transaction that occurred on Monday, October 20th. The stock was sold at an average price of $93.00, for a total value of $290,625.00. Following the sale, the insider directly owned 172,846 shares of the company’s stock, valued at approximately $16,074,678. This trade represents a 1.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $15,072,000.00. Following the completion of the sale, the chief executive officer directly owned 982,544 shares in the company, valued at approximately $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 604,946 shares of company stock valued at $58,950,116 in the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Uber Technologies Company 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.