SkyOak Wealth LLC Buys 14,914 Shares of Uber Technologies, Inc. (NYSE:UBER)

Posted by MarketBeat News on Oct 1st, 2023

SkyOak Wealth LLC boosted its stake in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 124.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,919 shares of the ride-sharing company’s stock after purchasing an additional 14,914 shares during the quarter. SkyOak Wealth LLC’s holdings in Uber Technologies were worth $1,162,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new position in Uber Technologies during the first quarter valued at approximately $26,000. Householder Group Estate & Retirement Specialist LLC increased its stake 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. boosted its holdings in shares of Uber Technologies by 133.8% in the 2nd quarter. SOA Wealth Advisors LLC. now owns 699 shares of the ride-sharing company’s stock valued at $30,000 after purchasing an additional 400 shares in the last quarter. MCF Advisors LLC acquired a new stake in shares of Uber Technologies in the 1st quarter valued at $32,000. Finally, Pacifica Partners Inc. acquired a new stake in shares of Uber Technologies in the 2nd quarter valued at $34,000. 74.07% of the stock is owned by institutional investors and hedge funds.

Uber Technologies Price Performance

UBER traded down $0.15 on Friday, reaching $45.99. 14,247,042 shares of the company’s stock were exchanged, compared to its average volume of 15,815,315. The stock has a market cap of $93.98 billion, a PE ratio of -209.04 and a beta of 1.23. Uber Technologies, Inc. has a twelve month low of $22.94 and a twelve month high of $49.49. The stock’s fifty day moving average price is $45.95 and its 200-day moving average price is $40.53. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.24 and a quick ratio of 1.23.

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Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Tuesday, August 1st. The ride-sharing company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.19. The firm 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 quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the previous year, the business posted ($1.33) earnings per share. Sell-side analysts expect that Uber Technologies, Inc. will post 0.42 EPS for the current year.

Insider Buying and Selling

In other Uber Technologies news, CFO Nelson Chai sold 100,000 shares of Uber Technologies stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $45.05, for a total transaction of $4,505,000.00. Following the transaction, the chief financial officer now directly owns 291,807 shares of the company’s stock, valued at $13,145,905.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.84% of the stock is currently owned by company insiders.

Analyst Ratings Changes

UBER has been the topic of several recent research reports. Roth Mkm raised their price objective on Uber Technologies from $46.00 to $59.00 and gave the company a “buy” rating in a report on Tuesday, July 18th. Jefferies Financial Group boosted their target price on Uber Technologies from $50.00 to $55.00 and gave the stock a “buy” rating in a research note on Friday, July 14th. Morgan Stanley boosted their target price on Uber Technologies from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 2nd. 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 report on Thursday, July 13th. Finally, Mizuho increased their target price on Uber Technologies from $60.00 to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Thirty-one analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $56.00.

Check Out Our Latest Report on Uber Technologies

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.