Catalyst Private Wealth LLC Buys 593 Shares of Uber Technologies, Inc. (NYSE:UBER)

Posted by MarketBeat News on Sep 26th, 2023

Catalyst Private Wealth LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,565 shares of the ride-sharing company’s stock after purchasing an additional 593 shares during the quarter. Uber Technologies makes up 0.9% of Catalyst Private Wealth LLC’s portfolio, making the stock its 26th biggest position. Catalyst Private Wealth LLC’s holdings in Uber Technologies were worth $1,406,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Pinnacle Bancorp Inc. bought a new position in shares of Uber Technologies during the 1st quarter worth approximately $26,000. Householder Group Estate & Retirement Specialist LLC grew its position in Uber Technologies by 89.3% during the 1st quarter. Householder Group Estate & Retirement Specialist LLC now owns 848 shares of the ride-sharing company’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. SOA Wealth Advisors LLC. grew its position in Uber Technologies by 133.8% during the 2nd quarter. SOA Wealth Advisors LLC. now owns 699 shares of the ride-sharing company’s stock worth $30,000 after purchasing an additional 400 shares during the last quarter. MCF Advisors LLC purchased a new stake in Uber Technologies during the 1st quarter worth approximately $32,000. Finally, Pacifica Partners Inc. purchased a new stake in Uber Technologies during the 2nd quarter worth approximately $34,000. Institutional investors own 74.07% of the company’s stock.

Uber Technologies Price Performance

Shares of NYSE UBER traded down $0.56 during mid-day trading on Tuesday, reaching $44.35. The company’s stock had a trading volume of 5,515,132 shares, compared to its average volume of 22,773,631. The stock has a 50-day moving average of $46.09 and a two-hundred day moving average of $40.20. The stock has a market capitalization of $90.63 billion, a P/E ratio of -204.13 and a beta of 1.23. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.23 and a current ratio of 1.24. Uber Technologies, Inc. has a 1-year low of $22.94 and a 1-year high of $49.49.

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Uber Technologies (NYSE:UBER – Get Free Report) last announced its quarterly earnings data on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.19. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. The firm had revenue of $9.23 billion during the quarter, compared to analyst estimates of $9.34 billion. During the same quarter in the prior year, the firm posted ($1.33) earnings per share. Uber Technologies’s quarterly revenue was up 14.3% on a year-over-year basis. On average, equities research analysts anticipate that Uber Technologies, Inc. will post 0.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on UBER shares. JMP Securities boosted their target price on shares of Uber Technologies from $55.00 to $57.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Morgan Stanley upped their price objective on shares of Uber Technologies from $57.00 to $60.00 and gave the company an “overweight” rating in a report on Wednesday, August 2nd. Wells Fargo & Company upped their price objective on shares of Uber Technologies from $53.00 to $59.00 and gave the company an “overweight” rating in a report on Thursday, August 17th. Sanford C. Bernstein upped their price objective on shares of Uber Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a report on Wednesday, August 2nd. Finally, Oppenheimer upped their price objective on shares of Uber Technologies from $55.00 to $65.00 in a report on Wednesday, June 21st. Thirty-one investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Uber Technologies presently has a consensus rating of “Buy” and a consensus price target of $56.00.

View Our Latest Stock Analysis on UBER

Insider Activity at Uber Technologies

In other Uber Technologies news, CEO Dara Khosrowshahi sold 69,975 shares of the stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $45.00, for a total transaction of $3,148,875.00. Following the completion of the transaction, the chief executive officer now owns 1,416,243 shares of the company’s stock, valued at $63,730,935. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Uber Technologies news, CEO Dara Khosrowshahi sold 69,975 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $45.00, for a total transaction of $3,148,875.00. Following the sale, the chief executive officer now directly owns 1,416,243 shares in the company, valued at $63,730,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Nelson Chai sold 100,000 shares of the business’s stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $45.05, for a total transaction of $4,505,000.00. Following the sale, the chief financial officer now owns 291,807 shares in the company, valued at $13,145,905.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,975 shares of company stock valued at $12,404,875. 3.84% of the stock is owned by company insiders.

Uber Technologies 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.