Divergent Planning LLC Makes New Investment in Uber Technologies, Inc. $UBER

Divergent Planning LLC purchased a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, Holdings Channel reports. The fund purchased 5,572 shares of the ride-sharing company’s stock, valued at approximately $520,000.

Other large investors have also recently bought and sold shares of the company. Pershing Square Capital Management L.P. bought a new position in Uber Technologies during the first quarter valued at about $2,207,743,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after acquiring an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. raised its stake in shares of Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock valued at $473,456,000 after acquiring an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Uber Technologies by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Uber Technologies by 105.9% during the second quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after purchasing an additional 2,807,967 shares during the period. 80.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on UBER. BMO Capital Markets lifted their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a research report on Thursday, August 7th. Roth Capital upped their price target on shares of Uber Technologies from $93.00 to $110.00 and gave the company a “buy” rating in a report on Monday, July 14th. Wall Street Zen downgraded Uber Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. Cantor Fitzgerald reissued an “overweight” rating and set a $106.00 price objective (up previously from $96.00) on shares of Uber Technologies in a research report on Wednesday, June 25th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Uber Technologies in a research report on Tuesday, October 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $105.68.

Insiders Place Their Bets

In other news, insider Jill Hazelbaker sold 31,250 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total value of $1,061,523.54. Following the transaction, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. This trade represents a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 604,946 shares of company stock valued at $58,950,116 over the last 90 days. Company insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

UBER opened at $93.73 on Tuesday. The stock’s 50 day simple moving average is $95.28 and its 200-day simple moving average is $88.93. 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 stock has a market cap of $195.46 billion, a PE ratio of 15.97 and a beta of 1.48. Uber Technologies, Inc. has a 1 year low of $59.33 and a 1 year high of $101.99.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 26.68% and a return on equity of 59.96%. The business’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.47 earnings per share. Sell-side analysts forecast 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.