Ted Buchan & Co Invests $286,000 in Uber Technologies, Inc. (NYSE:UBER)

Ted Buchan & Co purchased a new position in shares of Uber Technologies, Inc. (NYSE:UBER) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,939 shares of the ride-sharing company’s stock, valued at approximately $286,000.

A number of other hedge funds also recently modified their holdings of UBER. GHP Investment Advisors Inc. raised its position in shares of Uber Technologies by 222.7% during the second quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock worth $26,000 after purchasing an additional 245 shares during the period. Financial Management Professionals Inc. grew its holdings in shares of Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares in the last quarter. WR Wealth Planners LLC grew its holdings 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 buying an additional 344 shares in the last quarter. J.Safra Asset Management Corp bought a new position in shares of Uber Technologies during the first quarter worth about $32,000. Finally, MCF Advisors LLC grew its holdings in shares of Uber Technologies by 1,038.5% during the second quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock worth $32,000 after buying an additional 405 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 127,352 shares of the company’s stock, valued at $9,169,344. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s 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 completion of 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 company insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UBER. TD Cowen increased their price objective on Uber Technologies from $88.00 to $90.00 and gave the stock a “buy” rating in a report on Tuesday, July 23rd. Wolfe Research began coverage on Uber Technologies in a report on Tuesday, July 16th. They set an “outperform” rating and a $90.00 price objective for the company. Oppenheimer increased their price objective on Uber Technologies from $90.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. Finally, Melius Research initiated coverage on Uber Technologies in a report on Monday, July 22nd. They set a “hold” rating and a $77.00 price objective for the company. Four investment analysts have rated the stock with a hold rating, thirty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Uber Technologies presently has an average rating of “Moderate Buy” and an average target price of $87.81.

Uber Technologies Stock Down 0.8 %

UBER stock opened at $75.16 on Tuesday. The stock’s 50 day simple moving average is $70.26 and its 200 day simple moving average is $70.59. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21. The company has a market cap of $157.91 billion, a P/E ratio of 121.23, a price-to-earnings-growth ratio of 1.32 and a beta of 1.33.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping 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 business had revenue of $10.70 billion for the quarter, compared to the consensus estimate of $10.57 billion. During the same period in the prior year, the business earned $0.18 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, research analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current fiscal year.

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.