Northeast Investment Management Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

Northeast Investment Management lifted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 88.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,304 shares of the ride-sharing company’s stock after buying an additional 11,386 shares during the period. Northeast Investment Management’s holdings in Uber Technologies were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE lifted its stake in shares of Uber Technologies by 2.5% in the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock worth $61,310,000 after buying an additional 24,059 shares in the last quarter. Brookstone Capital Management increased its position in Uber Technologies by 19.0% during the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after purchasing an additional 25,814 shares during the last quarter. U.S. Capital Wealth Advisors LLC increased its position in Uber Technologies by 26.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after purchasing an additional 8,614 shares during the last quarter. CIBC Private Wealth Group LLC increased its position in Uber Technologies by 70.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock worth $959,000 after purchasing an additional 6,426 shares during the last quarter. Finally, Meyer Handelman Co. acquired a new stake in Uber Technologies during the first quarter worth about $1,170,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 1.0 %

Uber Technologies stock traded down $0.70 during trading on Wednesday, reaching $71.87. The stock had a trading volume of 9,521,004 shares, compared to its average volume of 18,657,104. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14. The business has a 50 day moving average price of $69.40 and a 200 day moving average price of $71.42. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The stock has a market cap of $150.16 billion, a PE ratio of 115.91, a P/E/G ratio of 1.32 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 earnings per share. On average, analysts predict that Uber Technologies, Inc. will post 1.04 EPS for the current year.

Insider Transactions at Uber Technologies

In other news, insider Tony West sold 28,000 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the sale, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value 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 approximately $91,046,257.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Tony West sold 28,000 shares of the company’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the transaction, the insider now directly owns 96,945 shares in the company, valued at $6,851,103.15. The disclosure for this sale can be found here. In the last quarter, insiders sold 617,234 shares of company stock worth $44,017,734. 3.84% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms recently issued reports on UBER. Wedbush restated an “outperform” rating and set a $85.00 price objective on shares of Uber Technologies in a research report on Wednesday, May 8th. DA Davidson raised their price objective on shares of Uber Technologies from $81.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Loop Capital cut their price objective on shares of Uber Technologies from $88.00 to $83.00 and set a “buy” rating for the company in a research report on Thursday, May 16th. JMP Securities raised their price objective on shares of Uber Technologies from $75.00 to $80.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 7th. Finally, Oppenheimer restated an “outperform” rating and set a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 5th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. Based on data from MarketBeat, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $87.50.

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.