Quotient Wealth Partners LLC Purchases 256 Shares of Uber Technologies, Inc. (NYSE:UBER)

Quotient Wealth Partners LLC increased its holdings in Uber Technologies, Inc. (NYSE:UBER) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,906 shares of the ride-sharing company’s stock after purchasing an additional 256 shares during the period. Quotient Wealth Partners LLC’s holdings in Uber Technologies were worth $647,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UBER. Vanguard Group Inc. grew its position in Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock valued at $13,184,793,000 after acquiring an additional 3,623,951 shares during the last quarter. Capital World Investors lifted its holdings in Uber Technologies by 0.7% during the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after buying an additional 283,802 shares in the last quarter. Capital Research Global Investors grew its stake in Uber Technologies by 8.2% in the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after acquiring an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after acquiring an additional 9,996,508 shares during the period. Finally, Norges Bank purchased a new position in shares of Uber Technologies during the fourth quarter worth approximately $1,415,778,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Uber Technologies Trading Up 1.4 %

Shares of NYSE UBER traded up $0.99 during midday trading on Friday, reaching $74.30. 13,065,551 shares of the stock were exchanged, compared to its average volume of 18,829,795. 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 stock has a market capitalization of $155.25 billion, a P/E ratio of 119.79, a PEG ratio of 1.30 and a beta of 1.36. The company has a 50 day simple moving average of $69.28 and a 200 day simple moving average of $71.39. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last released its quarterly earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate 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 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. The company’s quarterly revenue was up 15.9% on a year-over-year basis. As a group, equities analysts expect that Uber Technologies, Inc. will post 1.04 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on UBER shares. UBS Group decreased their target price on Uber Technologies from $100.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Oppenheimer reiterated an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a report on Wednesday, June 5th. Wolfe Research initiated coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. Needham & Company LLC reiterated a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their price objective on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research report on Wednesday, August 7th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, Uber Technologies has an average rating of “Moderate Buy” and a consensus price target of $87.50.

Insider Transactions at Uber Technologies

In related news, 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 transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at approximately $91,046,257.74. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Uber Technologies news, 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 transaction of $35,955,000.00. Following the sale, the chief executive officer now owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Tony West sold 28,000 shares of the stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the sale, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 617,234 shares of company stock valued at $44,017,734. 3.84% of the stock is currently owned by corporate insiders.

Uber Technologies 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.