Newbridge Financial Services Group Inc. Has $592,000 Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Posted by MarketBeat News on Oct 2nd, 2023

Newbridge Financial Services Group Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER – Free Report) by 23.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,710 shares of the ride-sharing company’s stock after acquiring an additional 2,603 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Uber Technologies were worth $592,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of UBER. Pinnacle Bancorp Inc. acquired a new stake in Uber Technologies during the 1st quarter worth $26,000. Householder Group Estate & Retirement Specialist LLC grew its holdings 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 acquiring an additional 400 shares during the period. SOA Wealth Advisors LLC. grew its holdings 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 acquiring an additional 400 shares during the period. MCF Advisors LLC acquired a new stake in Uber Technologies during the 1st quarter worth $32,000. Finally, Pacifica Partners Inc. acquired a new stake in Uber Technologies during the 2nd quarter worth $34,000. Institutional investors and hedge funds own 74.07% of the company’s stock.

Insider Activity at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 100,000 shares of the company’s stock in a transaction dated Tuesday, July 18th. The shares were sold at an average price of $47.51, for a total value of $4,751,000.00. Following the transaction, the chief executive officer now owns 1,316,243 shares in the company, valued at approximately $62,534,704.93. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 3.84% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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A number of equities analysts have recently weighed in on UBER shares. Needham & Company LLC reissued a “buy” rating and set a $60.00 price target on shares of Uber Technologies in a research report on Wednesday, September 27th. Roth Mkm lifted their price target on shares of Uber Technologies from $46.00 to $59.00 and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Jefferies Financial Group lifted their price target on shares of Uber Technologies from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, July 14th. Sanford C. Bernstein lifted their price target on shares of Uber Technologies from $50.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 2nd. Finally, Bank of America lifted their price target on shares of Uber Technologies from $44.00 to $51.00 and gave the stock a “buy” rating in a research report on Thursday, July 13th. Thirty-one investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $56.00.

Get Our Latest Stock Report on UBER

Uber Technologies Stock Performance

Shares of Uber Technologies stock traded down $0.59 during trading on Monday, hitting $45.40. 6,362,935 shares of the stock were exchanged, compared to its average volume of 22,636,178. The stock has a market capitalization of $92.78 billion, a price-to-earnings ratio of -209.04 and a beta of 1.22. The company has a fifty day moving average price of $45.95 and a 200-day moving average price of $40.59. Uber Technologies, Inc. has a 1-year low of $22.94 and a 1-year high of $49.49. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.98.

Uber Technologies (NYSE:UBER – Get Free Report) last released its quarterly earnings data on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.19. The company had revenue of $9.23 billion for the quarter, compared to analyst estimates of $9.34 billion. Uber Technologies had a negative net margin of 1.07% and a negative return on equity of 4.57%. Uber Technologies’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.33) EPS. As a group, equities analysts predict that Uber Technologies, Inc. will post 0.42 EPS for the current fiscal year.

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.