Pines Wealth Management LLC Acquires Shares of 2,169 Uber Technologies, Inc. $UBER

by · The Markets Daily

Pines Wealth Management LLC acquired a new stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,169 shares of the ride-sharing company’s stock, valued at approximately $203,000.

Other hedge funds also recently added to or reduced their stakes in the company. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies during the first quarter worth about $2,207,743,000. Pacer Advisors Inc. increased its position in shares of Uber Technologies by 2,571.2% during the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company’s stock worth $473,456,000 after acquiring an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company’s stock worth $13,590,287,000 after acquiring an additional 5,759,353 shares during the last quarter. Boston Partners increased its position in shares of Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company’s stock worth $658,686,000 after acquiring an additional 2,749,456 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in shares of Uber Technologies during the first quarter worth about $167,532,000. 80.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, SVP Nikki Krishnamurthy sold 11,571 shares of the business’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $3,013,125.00. Following the sale, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 348,696 shares of company stock valued at $33,243,774. 3.84% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

UBER has been the topic of a number of analyst reports. Royal Bank Of Canada lifted their target price on Uber Technologies from $94.00 to $100.00 and gave the stock an “outperform” rating in a research report on Thursday, August 7th. Sanford C. Bernstein lifted their target price on Uber Technologies from $95.00 to $110.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Needham & Company LLC lifted their target price on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a research report on Monday, July 14th. Canaccord Genuity Group reaffirmed a “hold” rating and set a $84.00 target price (down from $90.00) on shares of Uber Technologies in a research report on Friday, June 27th. Finally, BMO Capital Markets boosted their price objective on Uber Technologies from $101.00 to $113.00 and gave the company an “outperform” rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $103.06.

Check Out Our Latest Research Report on UBER

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $93.07 on Thursday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock has a 50 day simple moving average of $92.60 and a 200-day simple moving average of $85.02. The company has a market cap of $194.09 billion, a PE ratio of 15.86, a P/E/G ratio of 1.12 and a beta of 1.43. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $99.70.

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

Uber Technologies Company Profile

(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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