Sunpointe LLC Takes Position in Uber Technologies, Inc. $UBER

by · The Cerbat Gem

Sunpointe LLC acquired a new stake in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 2,347 shares of the ride-sharing company’s stock, valued at approximately $219,000.

A number of other institutional investors and hedge funds also recently modified their holdings of UBER. Brighton Jones LLC increased its stake in shares of Uber Technologies by 3.4% during the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock valued at $4,491,000 after acquiring an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Uber Technologies by 65.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after purchasing an additional 6,129 shares during the period. Bank Pictet & Cie Europe AG purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $395,000. Bison Wealth LLC grew its holdings in shares of Uber Technologies by 20.3% during the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after purchasing an additional 641 shares during the period. Finally, iSAM Funds UK Ltd purchased a new stake in shares of Uber Technologies during the 4th quarter worth about $427,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 300,000 shares of the stock in a transaction on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the sale, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. This trade represents a 20.94% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the completion of the sale, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This represents a 11.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 348,696 shares of company stock valued at $33,243,774 over the last three months. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

UBER stock 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 firm has a market cap of $194.09 billion, a P/E 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. The stock’s 50 day simple moving average is $92.60 and its 200 day simple moving average is $85.02.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS. As a group, equities research analysts predict that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on UBER shares. UBS Group boosted their target price on Uber Technologies from $115.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, August 7th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. KeyCorp boosted their target price on Uber Technologies from $90.00 to $110.00 and gave the stock an “overweight” rating in a report on Monday, July 14th. Needham & Company LLC upped their price target on Uber Technologies from $100.00 to $109.00 and gave the stock a “buy” rating in a report on Monday, July 14th. Finally, Morgan Stanley restated an “overweight” rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $103.06.

View Our Latest Report on UBER

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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