Copperleaf Capital LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBER – Get Rating) by 13.0% in the 1st quarter, HoldingsChannel reports. The firm owned 30,509 shares of the ride-sharing company’s stock after purchasing an additional 3,512 shares during the quarter. Copperleaf Capital LLC’s holdings in Uber Technologies were worth $1,089,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. MCF Advisors LLC bought a new position in Uber Technologies in the 1st quarter worth approximately $27,000. Core Alternative Capital increased its stake in shares of Uber Technologies by 3,079.2% in the 1st quarter. Core Alternative Capital now owns 763 shares of the ride-sharing company’s stock valued at $27,000 after buying an additional 739 shares during the period. CarsonAllaria Wealth Management Ltd. bought a new stake in shares of Uber Technologies during the fourth quarter worth $33,000. Northern Oak Wealth Management Inc. acquired a new position in shares of Uber Technologies during the fourth quarter valued at $34,000. Finally, Dravo Bay LLC bought a new position in Uber Technologies in the first quarter valued at about $34,000. Institutional investors and hedge funds own 71.57% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have weighed in on UBER shares. MKM Partners dropped their price objective on Uber Technologies from $41.00 to $32.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. BTIG Research dropped their price target on shares of Uber Technologies from $55.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, July 19th. Needham & Company LLC lifted their target price on shares of Uber Technologies from $50.00 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. The Goldman Sachs Group cut their price target on Uber Technologies from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, June 9th. Finally, JPMorgan Chase & Co. dropped their price objective on Uber Technologies from $60.00 to $48.00 and set an “overweight” rating for the company in a report on Wednesday, June 29th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.45.
Uber Technologies Trading Up 3.6 %
Uber Technologies (NYSE:UBER – Get Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The ride-sharing company reported ($1.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($1.08). The business had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.37 billion. Uber Technologies had a negative return on equity of 69.83% and a negative net margin of 39.39%. The business’s revenue for the quarter was up 105.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Equities analysts predict that Uber Technologies, Inc. will post -4.66 earnings per share for the current year.
Insiders Place Their Bets
In other news, insider Tony West sold 87,841 shares of the firm’s stock in a transaction dated Thursday, August 4th. The stock was sold at an average price of $31.26, for a total value of $2,745,909.66. Following the completion of the transaction, the insider now owns 141,944 shares in the company, valued at approximately $4,437,169.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.06% of the company’s stock.
About Uber Technologies
Uber Technologies, Inc develops and operates proprietary technology applications in the United States, Canada, Latin America, Europe, the Middle East, Africa, and the Asia Pacific. It connects consumers with independent providers of ride services for ridesharing services; and connects riders and other consumers with restaurants, grocers, and other stores with delivery service providers for meal preparation, grocery, and other delivery services.
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