Brucke Financial Inc. Decreases Stock Position in Uber Technologies, Inc. $UBER

Brucke Financial Inc. lessened its position in Uber Technologies, Inc. (NYSE:UBER) by 8.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,498 shares of the ride-sharing company’s stock after selling 419 shares during the quarter. Brucke Financial Inc.’s holdings in Uber Technologies were worth $420,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in Uber Technologies by 3.4% during the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in Uber Technologies by 65.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after buying an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its position in Uber Technologies by 20.3% during the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after buying an additional 641 shares in the last quarter. GAMMA Investing LLC lifted its position in Uber Technologies by 319.6% during the first quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company’s stock worth $1,658,000 after buying an additional 17,330 shares in the last quarter. Finally, Integrated Advisors Network LLC lifted its position in Uber Technologies by 6.3% during the first quarter. Integrated Advisors Network LLC now owns 12,905 shares of the ride-sharing company’s stock worth $940,000 after buying an additional 770 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total transaction of $28,611,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business’s stock in a transaction on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer directly owned 22,528 shares of the company’s stock, valued at $2,239,733.76. The trade was a 10.88% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 601,821 shares of company stock worth $58,659,491 over the last three months. Company insiders own 3.84% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of analyst reports. UBS Group lifted their price objective on Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a research report on Thursday, August 7th. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 7th. Stifel Nicolaus lifted their target price on Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a research report on Tuesday, July 29th. Weiss Ratings restated a “buy (b)” rating on shares of Uber Technologies in a research report on Saturday, September 27th. Finally, Morgan Stanley restated an “overweight” rating and issued a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a research report on Monday, July 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.03.

Uber Technologies Price Performance

UBER stock opened at $93.52 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $195.03 billion, a PE ratio of 15.93 and a beta of 1.48. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The business’s fifty day moving average price is $94.86 and its 200 day moving average price is $87.81.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to the consensus estimate of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 EPS. On average, sell-side analysts anticipate that Uber Technologies, Inc. will post 2.54 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.