Duncker Streett & Co. Inc. Acquires 61,260 Shares of Uber Technologies, Inc. (NYSE:UBER)

Duncker Streett & Co. Inc. boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 3,007.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,297 shares of the ride-sharing company’s stock after buying an additional 61,260 shares during the quarter. Duncker Streett & Co. Inc.’s holdings in Uber Technologies were worth $4,600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its holdings in Uber Technologies by 3.4% during the second quarter. Commonwealth Equity Services LLC now owns 569,211 shares of the ride-sharing company’s stock valued at $41,370,000 after purchasing an additional 18,948 shares during the period. Baltimore Washington Financial Advisors Inc. grew its stake in shares of Uber Technologies by 7.0% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 314,056 shares of the ride-sharing company’s stock valued at $22,826,000 after acquiring an additional 20,652 shares during the period. Concurrent Investment Advisors LLC increased its holdings in Uber Technologies by 8.1% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 63,852 shares of the ride-sharing company’s stock worth $4,641,000 after acquiring an additional 4,800 shares in the last quarter. Sabal Trust CO raised its stake in Uber Technologies by 16.6% during the 2nd quarter. Sabal Trust CO now owns 14,774 shares of the ride-sharing company’s stock worth $1,074,000 after acquiring an additional 2,099 shares during the period. Finally, Maryland State Retirement & Pension System boosted its position in shares of Uber Technologies by 1.4% in the second quarter. Maryland State Retirement & Pension System now owns 156,621 shares of the ride-sharing company’s stock worth $11,383,000 after purchasing an additional 2,101 shares during the period. 80.24% of the stock is owned by hedge funds and other institutional investors.

Uber Technologies Trading Up 1.2 %

Shares of UBER opened at $73.13 on Friday. The company’s fifty day simple moving average is $69.50 and its 200-day simple moving average is $71.47. The company has a market cap of $152.81 billion, a P/E ratio of 117.95, a P/E/G ratio of 1.32 and a beta of 1.36. 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 twelve month low of $40.09 and a twelve month high of $82.14.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings data on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.16. Uber Technologies had a net margin of 5.02% and a return on equity of 17.06%. The company had revenue of $10.70 billion for the quarter, compared to analyst estimates of $10.57 billion. During the same period in the prior year, the company posted $0.18 EPS. The firm’s revenue for the quarter was up 15.9% on a year-over-year basis. As a group, analysts expect that Uber Technologies, Inc. will post 1.05 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on UBER shares. BMO Capital Markets restated an “outperform” rating and set a $92.00 price objective on shares of Uber Technologies in a research report on Tuesday, July 30th. Loop Capital lowered their price objective on Uber Technologies from $88.00 to $83.00 and set a “buy” rating on the stock in a research report on Thursday, May 16th. Evercore ISI increased their target price on Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Melius started coverage on Uber Technologies in a report on Monday, July 22nd. They issued a “hold” rating and a $77.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $90.00 price objective on shares of Uber Technologies in a report on Wednesday, August 7th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and an average target price of $87.50.

Insider Buying and Selling

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the business’s 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 of the company’s stock, valued at $91,046,257.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider Tony West sold 28,000 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $70.67, for a total value of $1,978,760.00. Following the transaction, the insider now owns 96,945 shares of the company’s stock, valued at $6,851,103.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 value of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. In the last three months, insiders sold 617,234 shares of company stock valued at $44,017,734. Insiders own 3.84% of the company’s stock.

Uber Technologies Company Profile

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.