Magnus Financial Group LLC Purchases 1,475 Shares of Uber Technologies, Inc. $UBER

Magnus Financial Group LLC grew its position in Uber Technologies, Inc. (NYSE:UBER) by 24.9% during the 2nd quarter, HoldingsChannel reports. The firm owned 7,406 shares of the ride-sharing company’s stock after purchasing an additional 1,475 shares during the quarter. Magnus Financial Group LLC’s holdings in Uber Technologies were worth $691,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. West Oak Capital LLC acquired a new position in Uber Technologies in the second quarter valued at about $28,000. Noble Wealth Management PBC acquired a new position in shares of Uber Technologies in the 1st quarter valued at approximately $27,000. Kozak & Associates Inc. increased its stake in Uber Technologies by 155.9% during the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 223 shares in the last quarter. Vision Financial Markets LLC bought a new stake in Uber Technologies during the 1st quarter worth approximately $27,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in Uber Technologies by 305.1% during the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 299 shares during the period. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

UBER opened at $97.60 on Friday. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $101.99. The firm has a market capitalization of $203.55 billion, a PE ratio of 16.63 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. The business’s 50-day simple moving average is $93.13 and its 200 day simple moving average is $85.95.

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, beating analysts’ consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $12.45 billion. During the same period last year, the company earned $0.47 earnings per share. The business’s revenue was up 18.2% compared to the same quarter last year. As a group, sell-side analysts expect that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UBER has been the subject of several research analyst reports. Stifel Nicolaus upped their price target on shares of Uber Technologies from $110.00 to $117.00 and gave the company a “buy” rating in a report on Tuesday, July 29th. Piper Sandler upped their target price on shares of Uber Technologies from $95.00 to $103.00 and gave the stock an “overweight” rating in a research note on Thursday, July 24th. Wedbush dropped their price target on Uber Technologies from $85.00 to $84.00 and set a “neutral” rating on the stock in a research note on Thursday, August 7th. Royal Bank Of Canada boosted their price target on Uber Technologies from $94.00 to $100.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. Finally, Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and an average price target of $103.06.

Insider Buying and Selling at Uber Technologies

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction dated 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 transaction, the chief executive officer 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 disclosure for this sale can be found here. Insiders sold 604,571 shares of company stock valued at $58,920,741 in the last 90 days. Company insiders own 3.84% of the company’s stock.

Uber Technologies Company 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.