Delap Wealth Advisory LLC Increases Holdings in Uber Technologies, Inc. (NYSE:UBER)

Delap Wealth Advisory LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,570 shares of the ride-sharing company’s stock after purchasing an additional 416 shares during the period. Delap Wealth Advisory LLC’s holdings in Uber Technologies were worth $550,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Aptus Capital Advisors LLC raised its holdings 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 valued at $688,000 after buying an additional 1,383 shares during the period. Brookstone Capital Management lifted its position 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 purchasing an additional 25,814 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in shares of Uber Technologies by 26.4% during the second quarter. U.S. Capital Wealth Advisors LLC now owns 41,254 shares of the ride-sharing company’s stock worth $2,998,000 after purchasing an additional 8,614 shares in the last quarter. CIBC Private Wealth Group LLC boosted 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 valued at $959,000 after purchasing an additional 6,426 shares during the period. Finally, Meyer Handelman Co. acquired a new stake in Uber Technologies during the 1st quarter valued at $1,170,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

UBER stock opened at $73.94 on Friday. The company has a market capitalization of $154.50 billion, a P/E ratio of 119.26, a PEG ratio of 1.27 and a beta of 1.33. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a 50-day simple moving average of $69.60 and a 200 day simple moving average of $70.72. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share (EPS) 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 business had revenue of $10.70 billion during the quarter, compared to analysts’ expectations of $10.57 billion. During the same period last year, the firm posted $0.18 earnings per share. The business’s revenue was up 15.9% on a year-over-year basis. Sell-side analysts predict that Uber Technologies, Inc. will post 1.06 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on UBER shares. Oppenheimer reissued an “outperform” rating and issued a $90.00 price objective on shares of Uber Technologies in a research report on Wednesday, June 5th. DA Davidson raised their price objective on Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. Wolfe Research started coverage on Uber Technologies in a research note on Tuesday, July 16th. They set an “outperform” rating and a $90.00 target price for the company. Finally, Cantor Fitzgerald began coverage on shares of Uber Technologies in a research report on Thursday, September 5th. They set an “overweight” rating and a $90.00 price target for the company. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.60.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The disclosure for this sale can be found here. 3.84% of the stock is currently owned by corporate insiders.

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.