Menard Financial Group LLC Has $1.83 Million Stock Holdings in Uber Technologies, Inc. (NYSE:UBER)

Menard Financial Group LLC raised its position in Uber Technologies, Inc. (NYSE:UBER) by 39.9% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 25,119 shares of the ride-sharing company’s stock after acquiring an additional 7,163 shares during the period. Uber Technologies comprises 1.3% of Menard Financial Group LLC’s portfolio, making the stock its 15th biggest position. Menard Financial Group LLC’s holdings in Uber Technologies were worth $1,826,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. boosted its holdings in shares of Uber Technologies by 222.7% in the 2nd quarter. GHP Investment Advisors Inc. now owns 355 shares of the ride-sharing company’s stock valued at $26,000 after buying an additional 245 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in shares of Uber Technologies by 111.6% during the 1st quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 202 shares during the last quarter. WR Wealth Planners LLC boosted its holdings in shares of Uber Technologies by 563.9% during the 2nd quarter. WR Wealth Planners LLC now owns 405 shares of the ride-sharing company’s stock worth $29,000 after buying an additional 344 shares during the period. J.Safra Asset Management Corp acquired a new position in Uber Technologies in the 1st quarter valued at about $32,000. Finally, MCF Advisors LLC raised its holdings in Uber Technologies by 1,038.5% in the 2nd quarter. MCF Advisors LLC now owns 444 shares of the ride-sharing company’s stock valued at $32,000 after acquiring an additional 405 shares during the period. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other Uber Technologies news, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction that occurred 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 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 filing with the SEC, which is available at this hyperlink. 3.84% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UBER shares. Morgan Stanley upped their target price on Uber Technologies from $90.00 to $95.00 and gave the company an “overweight” rating in a research report on Tuesday, July 23rd. BMO Capital Markets reaffirmed an “outperform” rating and issued a $92.00 price objective on shares of Uber Technologies in a report on Tuesday, July 30th. Citigroup lifted their target price on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Roth Mkm upped their price target on shares of Uber Technologies from $89.00 to $90.00 and gave the company a “buy” rating in a research note on Wednesday, August 7th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $80.00 price objective on shares of Uber Technologies in a research note on Wednesday, August 7th. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $87.60.

Uber Technologies Trading Up 6.4 %

NYSE UBER opened at $72.48 on Monday. Uber Technologies, Inc. has a twelve month low of $40.09 and a twelve month high of $82.14. The business’s fifty day moving average is $69.41 and its 200 day moving average is $70.89. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.72. The company has a market cap of $151.45 billion, a price-to-earnings ratio of 116.90, a price-to-earnings-growth ratio of 1.21 and a beta of 1.33.

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

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.