Graypoint LLC Has $596,000 Holdings in Uber Technologies, Inc. (NYSE:UBER)

Graypoint LLC lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,199 shares of the ride-sharing company’s stock after buying an additional 478 shares during the quarter. Graypoint LLC’s holdings in Uber Technologies were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Financial Management Professionals Inc. grew its stake in Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after acquiring an additional 202 shares during the period. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies during the first quarter valued at about $32,000. GW&K Investment Management LLC purchased a new position in Uber Technologies during the fourth quarter worth about $33,000. Founders Capital Management bought a new stake in Uber Technologies in the 2nd quarter worth about $33,000. Finally, Private Wealth Management Group LLC purchased a new stake in Uber Technologies in the 4th quarter valued at about $36,000. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 1.2 %

Shares of UBER opened at $73.13 on Monday. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The company has a market capitalization of $152.81 billion, a P/E ratio of 117.95, a P/E/G ratio of 1.32 and a beta of 1.36. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21. The firm’s 50 day simple moving average is $69.50 and its 200 day simple moving average is $71.42.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. During the same quarter last year, the company posted $0.18 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. Sell-side analysts forecast that Uber Technologies, Inc. will post 1.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on UBER. Roth Mkm boosted their target price on Uber Technologies from $89.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler boosted their price objective on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Oppenheimer reaffirmed an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research report on Wednesday, June 5th. Truist Financial boosted their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Wolfe Research started coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective for the company. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.50.

Insider Transactions at Uber Technologies

In related news, insider Tony West sold 28,000 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Tony West sold 28,000 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. In the last ninety days, insiders sold 617,234 shares of company stock worth $44,017,734. 3.84% of the stock is currently owned by 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.