SevenBridge Financial Group LLC Boosts Stake in Uber Technologies, Inc. (NYSE:UBER)

SevenBridge Financial Group LLC raised its holdings in Uber Technologies, Inc. (NYSE:UBERGet Rating) by 51.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 49,365 shares of the ride-sharing company’s stock after acquiring an additional 16,830 shares during the quarter. SevenBridge Financial Group LLC’s holdings in Uber Technologies were worth $1,010,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. MCF Advisors LLC acquired a new position in shares of Uber Technologies during the 1st quarter worth $27,000. Core Alternative Capital increased its holdings in Uber Technologies by 3,079.2% during the 1st quarter. Core Alternative Capital now owns 763 shares of the ride-sharing company’s stock valued at $27,000 after acquiring an additional 739 shares in the last quarter. Oliver Lagore Vanvalin Investment Group purchased a new stake in shares of Uber Technologies in the first quarter valued at about $32,000. Northern Oak Wealth Management Inc. acquired a new stake in shares of Uber Technologies in the fourth quarter valued at approximately $34,000. Finally, Dravo Bay LLC purchased a new position in shares of Uber Technologies during the 1st quarter worth approximately $34,000. 71.57% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Down 0.7 %

UBER opened at $31.71 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.26. Uber Technologies, Inc. has a 12-month low of $19.90 and a 12-month high of $48.88. The firm’s fifty day moving average price is $28.03 and its 200 day moving average price is $27.76.

Uber Technologies (NYSE:UBERGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share for the quarter, missing the consensus estimate of ($0.25) by ($1.08). Uber Technologies had a negative net margin of 39.39% and a negative return on equity of 69.83%. The firm had revenue of $8.08 billion during the quarter, compared to the consensus estimate of $7.37 billion. During the same period in the prior year, the firm earned $0.58 earnings per share. The firm’s quarterly revenue was up 105.6% compared to the same quarter last year. On average, equities research analysts anticipate that Uber Technologies, Inc. will post -4.66 earnings per share for the current fiscal year.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 4,167 shares of the business’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $32.00, for a total transaction of $133,344.00. Following the completion of the transaction, the insider now owns 142,593 shares in the company, valued at approximately $4,562,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.92% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on UBER shares. Needham & Company LLC increased their target price on Uber Technologies from $50.00 to $52.00 and gave the company a “buy” rating in a report on Wednesday, August 3rd. JPMorgan Chase & Co. reduced their target price on shares of Uber Technologies from $60.00 to $48.00 and set an “overweight” rating on the stock in a report on Wednesday, June 29th. Susquehanna Bancshares lifted their price target on shares of Uber Technologies from $29.00 to $32.00 in a report on Wednesday, August 3rd. Susquehanna lifted their target price on shares of Uber Technologies from $29.00 to $32.00 in a research note on Wednesday, August 3rd. Finally, UBS Group lowered their price objective on Uber Technologies from $50.00 to $36.00 and set a “buy” rating for the company in a research report on Wednesday, August 3rd. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $49.45.

About Uber Technologies

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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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Institutional Ownership by Quarter for Uber Technologies (NYSE:UBER)

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