Cambridge Investment Research Advisors Inc. lifted its stake in shares of Uber Technologies Inc (NYSE:UBER) by 14.6% in the 2nd quarter, Holdings Channel reports. The fund owned 143,914 shares of the ride-sharing company’s stock after acquiring an additional 18,299 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Uber Technologies were worth $4,473,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of UBER. Prime Capital Investment Advisors LLC acquired a new stake in shares of Uber Technologies in the second quarter valued at approximately $30,000. Ellis Investment Partners LLC bought a new position in Uber Technologies in the first quarter valued at $25,000. Patriot Financial Group Insurance Agency LLC grew its position in Uber Technologies by 216.8% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,074 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 735 shares in the last quarter. Procyon Private Wealth Partners LLC increased its stake in Uber Technologies by 61.6% in the 1st quarter. Procyon Private Wealth Partners LLC now owns 1,131 shares of the ride-sharing company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Finally, Larson Financial Group LLC lifted its position in Uber Technologies by 343.8% during the 2nd quarter. Larson Financial Group LLC now owns 1,136 shares of the ride-sharing company’s stock worth $35,000 after buying an additional 880 shares in the last quarter. Institutional investors and hedge funds own 62.87% of the company’s stock.
In related news, Director Garrett Camp sold 170,000 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $30.54, for a total value of $5,191,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 2,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was sold at an average price of $30.71, for a total transaction of $61,420.00. Following the sale, the insider now directly owns 292,429 shares of the company’s stock, valued at approximately $8,980,494.59. The disclosure for this sale can be found here. Insiders have sold 542,000 shares of company stock worth $16,977,620 in the last three months. 8.66% of the stock is currently owned by company insiders.
Shares of Uber Technologies stock opened at $30.26 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $52.47 billion, a price-to-earnings ratio of -3.91 and a beta of 1.19. Uber Technologies Inc has a twelve month low of $13.71 and a twelve month high of $43.00. The company has a 50-day simple moving average of $31.83 and a two-hundred day simple moving average of $32.11.
Uber Technologies (NYSE:UBER) last announced its earnings results on Thursday, May 7th. The ride-sharing company reported ($0.64) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.79) by $0.15. The company had revenue of $3.53 billion for the quarter, compared to analysts’ expectations of $3.35 billion. Uber Technologies had a negative net margin of 71.48% and a negative return on equity of 58.70%. The business’s revenue for the quarter was up 14.0% on a year-over-year basis. During the same period last year, the firm earned ($2.26) earnings per share. On average, sell-side analysts anticipate that Uber Technologies Inc will post -3.63 earnings per share for the current fiscal year.
A number of research firms recently issued reports on UBER. DA Davidson raised Uber Technologies from a “neutral” rating to a “buy” rating in a research report on Friday, May 8th. Royal Bank of Canada lowered their price target on Uber Technologies from $52.00 to $45.00 and set an “outperform” rating on the stock in a research report on Monday, July 6th. Wedbush reiterated a “buy” rating and set a $38.00 price objective on shares of Uber Technologies in a research note on Friday, May 15th. Stifel Nicolaus reissued a “buy” rating and issued a $38.00 target price (down from $40.00) on shares of Uber Technologies in a research note on Friday, May 8th. Finally, Cfra raised shares of Uber Technologies from a “hold” rating to a “buy” rating and upped their price target for the stock from $34.00 to $36.00 in a research report on Friday, May 8th. Three research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. Uber Technologies has a consensus rating of “Buy” and a consensus target price of $41.78.
Uber Technologies Company Profile
Uber Technologies, Inc develops and supports proprietary technology applications that enable independent providers of ridesharing, and meal preparation and delivery services to transact with end-users worldwide. The company operates in two segments, Core Platform and Other Bets. Its driver partners provide ridesharing services through a range of vehicles, such as cars, auto rickshaws, motorbikes, minibuses, or taxis, as well as based on the number of riders under the UberBLACK, UberX, UberPOOL, Express POOL, and Uber Bus names; and restaurant and delivery partners provide meal preparation and delivery services under the Uber Eats name.
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