Invst LLC Has $278,000 Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Invst LLC raised its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 45.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,911 shares of the ride-sharing company’s stock after purchasing an additional 1,227 shares during the quarter. Invst LLC’s holdings in Uber Technologies were worth $278,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in UBER. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after purchasing an additional 245 shares in the last quarter. Financial Management Professionals Inc. boosted its holdings in shares of Uber Technologies by 111.6% in the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares in the last quarter. WR Wealth Planners LLC boosted its holdings in shares of Uber Technologies by 563.9% in the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in shares of Uber Technologies in the 1st quarter worth approximately $32,000. Finally, MCF Advisors LLC boosted its holdings in shares of Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after acquiring an additional 405 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Uber Technologies

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Evercore ISI boosted their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Loop Capital boosted their target price on Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Wolfe Research assumed coverage on Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 target price on the stock. Melius Research began coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 target price on the stock. Finally, Bank of America reaffirmed a “buy” rating and set a $88.00 price objective on shares of Uber Technologies in a report on Friday, August 23rd. Four analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $87.81.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $75.16 on Tuesday. The company has a market capitalization of $157.91 billion, a PE ratio of 121.23, a PEG ratio of 1.32 and a beta of 1.33. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock’s fifty day simple moving average is $70.26 and its 200 day simple moving average is $70.59.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (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 firm had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts predict that Uber Technologies, Inc. will post 1.04 EPS for the current year.

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.