Markel Group Inc. Purchases 1,500 Shares of Uber Technologies, Inc. $UBER

by · The Cerbat Gem

Markel Group Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 123,500 shares of the ride-sharing company’s stock after purchasing an additional 1,500 shares during the period. Markel Group Inc.’s holdings in Uber Technologies were worth $11,523,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. West Oak Capital LLC bought a new stake in Uber Technologies in the second quarter worth about $28,000. Trust Co. of Toledo NA OH bought a new stake in Uber Technologies in the second quarter worth about $30,000. Vision Financial Markets LLC bought a new stake in Uber Technologies in the first quarter worth about $27,000. Truvestments Capital LLC raised its position in Uber Technologies by 498.5% in the first quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the period. Finally, REAP Financial Group LLC raised its position in Uber Technologies by 158.2% in the second quarter. REAP Financial Group LLC now owns 408 shares of the ride-sharing company’s stock worth $38,000 after acquiring an additional 250 shares during the period. 80.24% of the stock is owned by institutional investors.

Uber Technologies Stock Performance

NYSE UBER opened at $95.55 on Wednesday. The company’s 50 day moving average is $95.48 and its 200-day moving average is $90.01. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The firm has a market cap of $199.27 billion, a P/E ratio of 16.28 and a beta of 1.48.

Uber Technologies (NYSE:UBER – Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. Uber Technologies’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. Sell-side analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Activity at Uber Technologies

In other Uber Technologies news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $91.74, for a total value of $1,061,523.54. Following the completion of the transaction, the senior vice president owned 416,222 shares of the company’s stock, valued at $38,184,206.28. The trade was a 2.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jill Hazelbaker sold 31,250 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider directly owned 86,531 shares of the company’s stock, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 604,946 shares of company stock valued at $58,950,116 in the last quarter. 3.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on UBER shares. Royal Bank Of Canada lifted their price objective on shares of Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Benchmark reaffirmed a “hold” rating on shares of Uber Technologies in a research report on Tuesday. Barclays reaffirmed an “overweight” rating and issued a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research report on Thursday, August 7th. Piper Sandler boosted their price target on shares of Uber Technologies from $95.00 to $103.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. Finally, Mizuho assumed coverage on shares of Uber Technologies in a research report on Monday, September 29th. They issued an “outperform” rating and a $130.00 price target on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $106.12.

Read Our Latest Research Report on UBER

About Uber Technologies

(Free Report)

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.

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