Wedmont Private Capital Grows Stock Position in Uber Technologies, Inc. (NYSE:UBER)

Wedmont Private Capital raised its holdings in Uber Technologies, Inc. (NYSE:UBER) by 16.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,964 shares of the ride-sharing company’s stock after buying an additional 2,601 shares during the quarter. Wedmont Private Capital’s holdings in Uber Technologies were worth $1,301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Alpha Cubed Investments LLC increased its holdings in shares of Uber Technologies by 1,025.2% in the second quarter. Alpha Cubed Investments LLC now owns 32,474 shares of the ride-sharing company’s stock valued at $2,360,000 after purchasing an additional 29,588 shares during the period. LVW Advisors LLC increased its holdings in shares of Uber Technologies by 18.3% in the second quarter. LVW Advisors LLC now owns 3,608 shares of the ride-sharing company’s stock valued at $262,000 after purchasing an additional 559 shares during the period. FLC Capital Advisors increased its holdings in shares of Uber Technologies by 15.3% in the second quarter. FLC Capital Advisors now owns 11,120 shares of the ride-sharing company’s stock valued at $808,000 after purchasing an additional 1,472 shares during the period. Dynamic Advisor Solutions LLC increased its holdings in shares of Uber Technologies by 6.5% in the second quarter. Dynamic Advisor Solutions LLC now owns 14,089 shares of the ride-sharing company’s stock valued at $1,024,000 after purchasing an additional 857 shares during the period. Finally, Aspire Private Capital LLC acquired a new position in shares of Uber Technologies in the second quarter valued at about $902,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s 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 completion of the transaction, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Uber Technologies news, insider Tony West sold 89,234 shares of Uber Technologies stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total transaction of $6,083,974.12. Following the completion of the sale, the insider now directly owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders sold 1,117,234 shares of company stock valued at $76,982,734 in the last three months. 3.84% of the stock is owned by corporate insiders.

Uber Technologies Trading Up 2.4 %

Shares of NYSE UBER traded up $1.68 during trading on Tuesday, reaching $70.94. The stock had a trading volume of 11,669,615 shares, compared to its average volume of 19,173,381. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The business’s 50-day moving average price is $68.58 and its 200-day moving average price is $71.07. The company has a market cap of $149.04 billion, a P/E ratio of 113.02, a PEG ratio of 1.45 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period in the previous year, the firm posted $0.18 earnings per share. The company’s revenue was up 15.9% on a year-over-year basis. On average, equities research analysts predict that Uber Technologies, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on UBER. Evercore ISI raised 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 dropped their target price on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a report on Thursday, May 16th. UBS Group dropped their target price on Uber Technologies from $100.00 to $95.00 and set a “buy” rating on the stock in a report on Thursday, May 9th. Melius began coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 target price on the stock. Finally, Wedbush reaffirmed an “outperform” rating and set a $85.00 target price on shares of Uber Technologies in a report on Wednesday, May 8th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus price target 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.