CVA Family Office LLC Raises Position in Uber Technologies, Inc. $UBER

CVA Family Office LLC boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 21.3% during the second quarter, Holdings Channel.com reports. The fund owned 4,328 shares of the ride-sharing company’s stock after buying an additional 759 shares during the quarter. CVA Family Office LLC’s holdings in Uber Technologies were worth $404,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. West Oak Capital LLC bought a new stake in Uber Technologies during the second quarter valued at approximately $28,000. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies in the 2nd quarter worth about $30,000. Vision Financial Markets LLC bought a new position in shares of Uber Technologies during the 1st quarter valued at about $27,000. Truvestments Capital LLC lifted its position in Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after buying an additional 339 shares during the last quarter. Finally, REAP Financial Group LLC boosted its stake in Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the completion of the transaction, the chief executive officer owned 1,132,544 shares in the company, valued at $108,010,721.28. This trade represents 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, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 604,946 shares of company stock worth $58,950,116. Company insiders own 3.84% of the company’s stock.

Uber Technologies Stock Down 0.6%

Shares of NYSE UBER opened at $94.09 on Friday. The firm has a fifty day simple moving average of $95.42 and a two-hundred day simple moving average of $89.56. Uber Technologies, Inc. has a 12 month low of $59.33 and a 12 month high of $101.99. 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 firm has a market capitalization of $196.21 billion, a PE ratio of 16.03 and a beta of 1.48.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on UBER. UBS Group upped their price objective on shares of Uber Technologies from $115.00 to $117.00 and gave the company a “buy” rating in a research note on Thursday, August 7th. Susquehanna upped their price target on shares of Uber Technologies from $100.00 to $105.00 and gave the company a “positive” rating in a research report on Thursday, August 7th. Stifel Nicolaus lifted their price target on Uber Technologies from $116.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday. Royal Bank Of Canada upped their price target on shares of Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Piper Sandler raised their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $105.91.

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.