One Capital Management LLC Buys 725 Shares of Uber Technologies, Inc. (NYSE:UBER)

One Capital Management LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 26.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,489 shares of the ride-sharing company’s stock after purchasing an additional 725 shares during the quarter. One Capital Management LLC’s holdings in Uber Technologies were worth $254,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Aptus Capital Advisors LLC lifted its position in shares of Uber Technologies by 17.1% during the 2nd quarter. Aptus Capital Advisors LLC now owns 9,468 shares of the ride-sharing company’s stock worth $688,000 after purchasing an additional 1,383 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Uber Technologies by 2.5% during the fourth quarter. US Bancorp DE now owns 995,783 shares of the ride-sharing company’s stock worth $61,310,000 after buying an additional 24,059 shares during the last quarter. Brookstone Capital Management lifted its holdings in shares of Uber Technologies by 19.0% during the second quarter. Brookstone Capital Management now owns 161,494 shares of the ride-sharing company’s stock worth $11,082,000 after buying an additional 25,814 shares during the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Uber Technologies by 26.4% in the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock valued at $2,998,000 after acquiring an additional 8,614 shares during the period. Finally, CIBC Private Wealth Group LLC grew its stake in shares of Uber Technologies by 70.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 15,568 shares of the ride-sharing company’s stock worth $959,000 after acquiring an additional 6,426 shares during the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total value of $2,880,000.00. Following the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Uber Technologies news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $72.00, for a total value of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares in the company, valued at $9,169,344. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on 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 completion of 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 disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Uber Technologies Trading Up 1.0 %

UBER opened at $73.53 on Thursday. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The firm has a 50-day moving average price of $69.53 and a two-hundred day moving average price of $70.79. The stock has a market capitalization of $154.48 billion, a PE ratio of 118.60, a PEG ratio of 1.27 and a beta of 1.33. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. Uber Technologies’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.18 earnings per share. As a group, equities analysts anticipate that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on UBER shares. Wolfe Research assumed coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a research note on Friday, September 13th. Melius began coverage on Uber Technologies in a research note on Monday, July 22nd. They set a “hold” rating and a $77.00 price target on the stock. TD Cowen upped their price target on Uber Technologies from $88.00 to $90.00 and gave the company a “buy” rating in a report on Tuesday, July 23rd. Finally, The Goldman Sachs Group lifted their price objective on Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $87.60.

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.