Uber Technologies, Inc. $UBER Shares Bought by Vanguard Group Inc.

by · The Markets Daily

Vanguard Group Inc. lifted its position in Uber Technologies, Inc. (NYSE:UBER – Free Report) by 1.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 189,551,519 shares of the ride-sharing company’s stock after buying an additional 3,025,483 shares during the period. Vanguard Group Inc. owned approximately 0.09% of Uber Technologies worth $17,685,157,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UBER. Hilltop National Bank bought a new stake in shares of Uber Technologies in the 2nd quarter worth approximately $96,000. American Capital Advisory LLC boosted its stake in shares of Uber Technologies by 47.8% during the 2nd quarter. American Capital Advisory LLC now owns 13,006 shares of the ride-sharing company’s stock worth $1,213,000 after acquiring an additional 4,204 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Uber Technologies by 2.6% in the 2nd quarter. Geode Capital Management LLC now owns 45,859,136 shares of the ride-sharing company’s stock worth $4,258,756,000 after acquiring an additional 1,168,288 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of Uber Technologies by 50.2% during the second quarter. Teacher Retirement System of Texas now owns 548,051 shares of the ride-sharing company’s stock worth $51,133,000 after purchasing an additional 183,085 shares during the period. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Uber Technologies by 805.4% during the first quarter. Geneos Wealth Management Inc. now owns 102,706 shares of the ride-sharing company’s stock valued at $7,483,000 after purchasing an additional 91,362 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $94.41, for a total value of $519,255.00. Following the sale, the chief financial officer owned 20,330 shares of the company’s stock, valued at $1,919,355.30. The trade was a 21.29% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Tony West sold 3,125 shares of the firm’s stock in a transaction dated Monday, October 20th. The stock was sold at an average price of $93.00, for a total transaction of $290,625.00. Following the transaction, the insider directly owned 172,846 shares of the company’s stock, valued at $16,074,678. The trade was a 1.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 598,875 shares of company stock valued at $58,407,848. Company insiders own 3.70% of the company’s stock.

Uber Technologies Stock Up 0.6%

NYSE UBER opened at $92.13 on Tuesday. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The stock has a market cap of $191.42 billion, a PE ratio of 11.84 and a beta of 1.46. The firm has a 50-day simple moving average of $95.46 and a 200 day simple moving average of $91.90. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.15 and a current ratio of 1.15.

Uber Technologies (NYSE:UBER – Get Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, beating the consensus estimate of $0.67 by $2.44. Uber Technologies had a return on equity of 68.17% and a net margin of 33.54%.The firm had revenue of $13.47 billion during the quarter, compared to analysts’ expectations of $13.25 billion. During the same quarter in the prior year, the firm posted $1.20 EPS. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, research analysts forecast that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on UBER. Morgan Stanley reissued an “overweight” rating and issued a $115.00 price target (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Mizuho began coverage on shares of Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 price target on the stock. Piper Sandler set a $107.00 price target on shares of Uber Technologies in a research report on Wednesday, November 5th. Cowen reissued a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Finally, DA Davidson raised their price objective on shares of Uber Technologies from $102.00 to $108.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have given a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $108.26.

View Our Latest Stock Analysis on UBER

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.

Further Reading

Want to see what other hedge funds are holding UBER? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Uber Technologies, Inc. (NYSE:UBER – Free Report).