Hantz Financial Services Inc. Takes $4.02 Million Position in Uber Technologies, Inc. (NYSE:UBER)

Hantz Financial Services Inc. bought a new stake in shares of Uber Technologies, Inc. (NYSE:UBER) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 55,272 shares of the ride-sharing company’s stock, valued at approximately $4,017,000.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Uber Technologies by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after buying an additional 3,623,951 shares during the period. Capital World Investors boosted its stake in Uber Technologies by 0.7% in the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock worth $2,500,366,000 after purchasing an additional 283,802 shares during the period. Capital Research Global Investors grew its holdings in Uber Technologies by 8.2% during the 1st quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock valued at $3,075,562,000 after buying an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Uber Technologies by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock valued at $2,804,437,000 after buying an additional 9,996,508 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Uber Technologies in the fourth quarter worth $1,415,778,000. Institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on UBER. DA Davidson lifted their price target on shares of Uber Technologies from $81.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, August 7th. Wells Fargo & Company raised their price target on Uber Technologies from $91.00 to $97.00 and gave the company an “overweight” rating in a report on Wednesday, August 7th. Morgan Stanley raised their target price on shares of Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a report on Tuesday, July 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $80.00 price target on shares of Uber Technologies in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group decreased their target price on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and thirty have issued 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 target price of $87.50.

Insider Transactions at Uber Technologies

In other Uber Technologies news, insider Tony West sold 28,000 shares of the company’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total value of $1,978,760.00. Following the completion of the transaction, the insider now owns 96,945 shares in the company, valued at $6,851,103.15. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, insider Tony West sold 28,000 shares of the company’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the completion of the transaction, the insider now directly owns 96,945 shares of the company’s stock, valued at approximately $6,851,103.15. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of Uber Technologies stock in a transaction on Monday, July 15th. The shares were sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at approximately $91,046,257.74. The disclosure for this sale can be found here. Insiders have sold 617,234 shares of company stock valued at $44,017,734 in the last 90 days. 3.84% of the stock is currently owned by company insiders.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $73.13 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. The company has a 50 day simple moving average of $69.50 and a two-hundred day simple moving average of $71.46. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14. The stock has a market cap of $153.64 billion, a price-to-earnings ratio of 117.95, a PEG ratio of 1.31 and a beta of 1.36.

Uber Technologies (NYSE:UBER) last released its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was up 15.9% on a year-over-year basis. As a group, analysts predict that Uber Technologies, Inc. will post 1.04 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.