Circle Wealth Management LLC Purchases 19,496 Shares of Uber Technologies, Inc. (NYSE:UBER)

Circle Wealth Management LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER) by 625.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,614 shares of the ride-sharing company’s stock after acquiring an additional 19,496 shares during the period. Circle Wealth Management LLC’s holdings in Uber Technologies were worth $1,644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of UBER. Hancock Whitney Corp grew its stake in Uber Technologies by 2.0% in the 2nd quarter. Hancock Whitney Corp now owns 203,721 shares of the ride-sharing company’s stock worth $14,806,000 after buying an additional 3,971 shares in the last quarter. Symmetry Investments LP grew its stake in Uber Technologies by 42.1% in the 2nd quarter. Symmetry Investments LP now owns 100,436 shares of the ride-sharing company’s stock worth $7,300,000 after buying an additional 29,756 shares in the last quarter. Ensign Peak Advisors Inc grew its stake in Uber Technologies by 64.9% in the 2nd quarter. Ensign Peak Advisors Inc now owns 4,633,697 shares of the ride-sharing company’s stock worth $336,777,000 after buying an additional 1,824,162 shares in the last quarter. Octahedron Capital Management L.P. grew its stake in Uber Technologies by 82.4% in the 2nd quarter. Octahedron Capital Management L.P. now owns 98,500 shares of the ride-sharing company’s stock worth $7,159,000 after buying an additional 44,500 shares in the last quarter. Finally, Forest Avenue Capital Management LP purchased a new position in Uber Technologies in the 2nd quarter worth approximately $44,827,000. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jill Hazelbaker sold 40,000 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $72.00, for a total transaction of $2,880,000.00. Following the completion of the transaction, the insider now owns 127,352 shares of the company’s stock, valued at $9,169,344. The disclosure for this sale can be found here. Company insiders own 3.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on UBER shares. The Goldman Sachs Group boosted their price target on shares of Uber Technologies from $85.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Piper Sandler boosted their price target on shares of Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 25th. Loop Capital boosted their price target on shares of Uber Technologies from $83.00 to $84.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Melius Research began coverage on shares of Uber Technologies in a research note on Monday, July 22nd. They issued a “hold” rating and a $77.00 price objective for the company. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $87.60.

Uber Technologies Stock Down 1.8 %

Shares of NYSE UBER opened at $73.94 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.72. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The firm has a market capitalization of $154.50 billion, a PE ratio of 119.26, a price-to-earnings-growth ratio of 1.27 and a beta of 1.33. The firm has a fifty day simple moving average of $69.60 and a two-hundred day simple moving average of $70.72.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities analysts expect that Uber Technologies, Inc. will post 1.06 earnings per share for the current year.

About Uber Technologies

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.