Raelipskie Partnership Acquires 900 Shares of Uber Technologies, Inc. (NYSE:UBER)

Raelipskie Partnership grew its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,304 shares of the ride-sharing company’s stock after acquiring an additional 900 shares during the period. Raelipskie Partnership’s holdings in Uber Technologies were worth $676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after purchasing an additional 3,623,951 shares in the last quarter. Capital World Investors lifted its stake in shares of Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares in the last quarter. Capital Research Global Investors boosted its holdings in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after buying an additional 3,019,431 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Uber Technologies by 37.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after buying an additional 9,996,508 shares during the period. Finally, Norges Bank purchased a new stake in Uber Technologies in the 4th quarter worth $1,415,778,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Trading Down 0.9 %

Shares of UBER traded down $0.69 during mid-day trading on Friday, reaching $72.04. 11,548,276 shares of the company’s stock traded hands, compared to its average volume of 19,071,258. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The stock’s 50-day moving average is $68.96 and its two-hundred day moving average is $71.19. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The stock has a market cap of $151.35 billion, a P/E ratio of 116.19, a P/E/G ratio of 1.30 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The company had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter in the prior year, the company posted $0.18 EPS. Uber Technologies’s quarterly revenue was up 15.9% on a year-over-year basis. Research analysts forecast that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Tony West sold 28,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 617,234 shares of company stock worth $44,017,734. Insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UBER. Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research report on Wednesday, August 7th. TD Cowen boosted their price target on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. Truist Financial boosted their target price on shares of Uber Technologies from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, UBS Group cut their target price on shares of Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, May 9th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.47.

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.