109,783 Shares in Uber Technologies, Inc. (NYSE:UBER) Acquired by Cyrus J. Lawrence LLC

Cyrus J. Lawrence LLC purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 109,783 shares of the ride-sharing company’s stock, valued at approximately $7,979,000. Uber Technologies makes up 1.6% of Cyrus J. Lawrence LLC’s portfolio, making the stock its 29th largest position.

A number of other large investors also recently modified their holdings of UBER. Delap Wealth Advisory LLC boosted its position in shares of Uber Technologies by 5.8% during the 2nd quarter. Delap Wealth Advisory LLC now owns 7,570 shares of the ride-sharing company’s stock worth $550,000 after acquiring an additional 416 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Uber Technologies by 52.1% in the second quarter. EverSource Wealth Advisors LLC now owns 11,189 shares of the ride-sharing company’s stock valued at $813,000 after purchasing an additional 3,835 shares during the last quarter. Fernbridge Capital Management LP raised its holdings in Uber Technologies by 32.9% during the second quarter. Fernbridge Capital Management LP now owns 712,773 shares of the ride-sharing company’s stock worth $51,804,000 after purchasing an additional 176,385 shares in the last quarter. Itau Unibanco Holding S.A. lifted its position in shares of Uber Technologies by 62.8% during the 2nd quarter. Itau Unibanco Holding S.A. now owns 34,033 shares of the ride-sharing company’s stock worth $2,474,000 after buying an additional 13,133 shares during the last quarter. Finally, Fidelis Capital Partners LLC boosted its holdings in shares of Uber Technologies by 20.3% in the 2nd quarter. Fidelis Capital Partners LLC now owns 5,063 shares of the ride-sharing company’s stock valued at $368,000 after buying an additional 853 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Uber Technologies 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 sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at approximately $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by insiders.

Uber Technologies Stock Down 1.8 %

Shares of NYSE UBER opened at $73.94 on Monday. The stock has a market capitalization of $154.50 billion, a price-to-earnings ratio of 119.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. Uber Technologies, Inc. has a 52 week low of $40.09 and a 52 week high of $82.14. The firm has a 50-day moving average price of $69.60 and a 200 day moving average price of $70.66. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The company had revenue of $10.70 billion during the quarter, compared to the consensus estimate of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same period last year, the firm earned $0.18 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 1.06 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price target on shares of Uber Technologies in a research note on Tuesday, July 30th. Melius initiated coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price for the company. Oppenheimer reaffirmed an “outperform” rating and set a $90.00 price target on shares of Uber Technologies in a research report on Wednesday, June 5th. Melius Research began coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Wells Fargo & Company restated an “overweight” rating and set a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $87.60.

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.