Krilogy Financial LLC Acquires 22,113 Shares of Uber Technologies, Inc. (NYSE:UBER)

Krilogy Financial LLC boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBERGet Rating) by 108.2% during the 2nd quarter, Holdings Channel reports. The fund owned 42,557 shares of the ride-sharing company’s stock after buying an additional 22,113 shares during the period. Krilogy Financial LLC’s holdings in Uber Technologies were worth $871,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBER. Raymond James Trust N.A. boosted its holdings in shares of Uber Technologies by 10.8% in the 2nd quarter. Raymond James Trust N.A. now owns 22,661 shares of the ride-sharing company’s stock valued at $463,000 after buying an additional 2,200 shares in the last quarter. Highland Capital Management LLC boosted its holdings in shares of Uber Technologies by 1.0% in the 2nd quarter. Highland Capital Management LLC now owns 264,248 shares of the ride-sharing company’s stock valued at $5,407,000 after buying an additional 2,556 shares in the last quarter. Precision Wealth Strategies LLC boosted its holdings in shares of Uber Technologies by 22.7% in the 2nd quarter. Precision Wealth Strategies LLC now owns 10,823 shares of the ride-sharing company’s stock valued at $233,000 after buying an additional 2,005 shares in the last quarter. Gateway Investment Advisers LLC boosted its holdings in shares of Uber Technologies by 132.4% in the 2nd quarter. Gateway Investment Advisers LLC now owns 230,111 shares of the ride-sharing company’s stock valued at $4,708,000 after buying an additional 131,116 shares in the last quarter. Finally, Silicon Valley Capital Partners boosted its holdings in shares of Uber Technologies by 37.4% in the 2nd quarter. Silicon Valley Capital Partners now owns 13,971 shares of the ride-sharing company’s stock valued at $286,000 after buying an additional 3,805 shares in the last quarter. 71.57% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on UBER shares. Raymond James upgraded shares of Uber Technologies from a “market perform” rating to an “outperform” rating and set a $38.00 target price for the company in a research note on Wednesday, August 3rd. 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 research note on Wednesday, August 3rd. KeyCorp started coverage on shares of Uber Technologies in a research note on Tuesday, July 12th. They issued a “sector weight” rating for the company. The Goldman Sachs Group lowered their target price on shares of Uber Technologies from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, June 9th. Finally, Wolfe Research lowered their target price on shares of Uber Technologies from $30.00 to $27.00 and set an “outperform” rating for the company in a research note on Friday, June 24th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.45.

Insider Activity

In related news, insider Tony West sold 87,841 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $31.26, for a total value of $2,745,909.66. Following the sale, the insider now directly owns 141,944 shares in the company, valued at approximately $4,437,169.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.06% of the company’s stock.

Uber Technologies Trading Down 6.2 %

Uber Technologies stock opened at $28.58 on Friday. The company’s fifty day moving average price is $28.77 and its 200 day moving average price is $27.82. Uber Technologies, Inc. has a 1 year low of $19.90 and a 1 year high of $48.88. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.98 and a quick ratio of 0.98.

Uber Technologies (NYSE:UBERGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The ride-sharing company reported ($1.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $8.08 billion during the quarter, compared to analyst estimates of $7.37 billion. During the same period in the prior year, the business posted $0.58 EPS. Uber Technologies’s revenue was up 105.6% compared to the same quarter last year. On average, sell-side analysts forecast that Uber Technologies, Inc. will post -4.66 EPS for the current fiscal year.

Uber Technologies Company Profile

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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.

Further Reading

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

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