Uber Technologies, Inc. (NYSE:UBER) Shares Purchased by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 6.5% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 28,236 shares of the ride-sharing company’s stock after acquiring an additional 1,717 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Uber Technologies were worth $2,052,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GHP Investment Advisors Inc. boosted its holdings in Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after buying an additional 245 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Uber Technologies by 111.6% in the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after acquiring an additional 202 shares during the last quarter. WR Wealth Planners LLC increased its position in shares of Uber Technologies by 563.9% during the second quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after purchasing an additional 344 shares in the last quarter. J.Safra Asset Management Corp acquired a new position in Uber Technologies in the 1st quarter valued at $32,000. Finally, MCF Advisors LLC lifted its holdings in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 405 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UBER has been the subject of a number of recent research reports. Wells Fargo & Company reiterated an “overweight” rating and issued a $97.00 target price on shares of Uber Technologies in a research report on Friday, September 13th. Piper Sandler increased their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Bank of America restated a “buy” rating and set a $88.00 target price on shares of Uber Technologies in a report on Friday, August 23rd. Cantor Fitzgerald assumed coverage on Uber Technologies in a report on Thursday, September 5th. They issued an “overweight” rating and a $90.00 price target for the company. Finally, Morgan Stanley boosted their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 23rd. 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Price Performance

Uber Technologies stock opened at $73.94 on Monday. The company’s 50 day moving average is $69.60 and its two-hundred day moving average is $70.66. The firm has a market cap of $154.50 billion, a PE ratio of 119.26, a price-to-earnings-growth 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. Uber Technologies, Inc. has a 52-week low of $40.09 and a 52-week high of $82.14.

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

Insider Buying and Selling at Uber Technologies

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