Kingsview Wealth Management LLC Buys 989 Shares of Uber Technologies, Inc. $UBER

Kingsview Wealth Management LLC grew its position in Uber Technologies, Inc. (NYSE:UBER) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 26,402 shares of the ride-sharing company’s stock after buying an additional 989 shares during the period. Kingsview Wealth Management LLC’s holdings in Uber Technologies were worth $2,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock valued at $4,258,756,000 after purchasing an additional 1,168,288 shares during the last quarter. Pershing Square Capital Management L.P. acquired a new stake in Uber Technologies in the 1st quarter worth approximately $2,207,743,000. Kingstone Capital Partners Texas LLC boosted its stake in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock worth $1,863,545,000 after purchasing an additional 19,967,705 shares in the last quarter. Finally, Northern Trust Corp grew its position in Uber Technologies by 3.9% during the 1st quarter. Northern Trust Corp now owns 19,240,638 shares of the ride-sharing company’s stock worth $1,401,873,000 after purchasing an additional 720,122 shares during the last quarter. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Wall Street Analyst Weigh In

UBER has been the topic of a number of research analyst reports. Guggenheim dropped their price objective on shares of Uber Technologies from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Wednesday, November 5th. Wedbush lowered their price target on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating for the company in a research report on Thursday, August 7th. Wall Street Zen upgraded Uber Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $109.00 price objective on shares of Uber Technologies in a research note on Tuesday, November 4th. Finally, TD Cowen lifted their target price on Uber Technologies from $108.00 to $114.00 and gave the stock a “buy” rating in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Stock Down 1.3%

UBER opened at $90.92 on Wednesday. The company has a fifty day moving average of $95.37 and a two-hundred day moving average of $91.94. The stock has a market capitalization of $188.92 billion, a price-to-earnings ratio of 11.69 and a beta of 1.46. Uber Technologies, Inc. has a fifty-two week low of $59.33 and a fifty-two week high of $101.99. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion for the quarter, compared to analysts’ expectations of $13.25 billion. During the same period last year, the firm earned $1.20 EPS. The company’s quarterly revenue was up 20.4% on a year-over-year basis. On average, research analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 150,000 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.48, for a total transaction of $15,072,000.00. Following the completion of the sale, the chief executive officer owned 982,544 shares of the company’s stock, valued at $98,726,021.12. The trade was a 13.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 31,250 shares of the business’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 owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 602,000 shares of company stock worth $58,695,660 in the last ninety days. 3.70% of the stock is owned by company insiders.

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.