Motco Increases Holdings in Uber Technologies, Inc. $UBER

Motco boosted its holdings in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,330 shares of the ride-sharing company’s stock after purchasing an additional 3,486 shares during the period. Motco’s holdings in Uber Technologies were worth $10,998,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Vision Financial Markets LLC purchased a new position in shares of Uber Technologies during the 1st quarter worth approximately $27,000. West Oak Capital LLC purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $28,000. Truvestments Capital LLC grew its holdings in shares of Uber Technologies by 498.5% during the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company’s stock worth $30,000 after acquiring an additional 339 shares during the period. Trust Co. of Toledo NA OH purchased a new position in shares of Uber Technologies during the 2nd quarter worth approximately $30,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Uber Technologies during the 1st quarter worth approximately $31,000. Hedge funds and other institutional investors own 80.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on UBER shares. BMO Capital Markets upped their target price on Uber Technologies from $101.00 to $113.00 and gave the stock an “outperform” rating in a report on Thursday, August 7th. Cowen reiterated a “buy” rating on shares of Uber Technologies in a report on Thursday, August 7th. UBS Group upped their target price on Uber Technologies from $117.00 to $124.00 and gave the stock a “buy” rating in a report on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating and set a $110.00 target price on shares of Uber Technologies in a report on Tuesday, October 21st. Finally, Mizuho initiated coverage on Uber Technologies in a report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price on the stock. Three investment analysts have rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Uber Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $106.12.

Insiders Place Their Bets

In related news, CEO Dara Khosrowshahi sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $95.37, for a total value of $28,611,000.00. Following the transaction, the chief executive officer directly owned 1,132,544 shares of the company’s stock, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $100.38, for a total value of $10,038,000.00. Following the completion of the transaction, the insider directly owned 171,558 shares in the company, valued at $17,220,992.04. This trade represents a 36.82% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 604,946 shares of company stock worth $58,950,116 in the last three months. Corporate insiders own 3.70% of the company’s stock.

Uber Technologies Stock Performance

Shares of UBER opened at $95.55 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41. The business’s 50 day moving average price is $95.48 and its 200-day moving average price is $90.01. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The stock has a market cap of $199.27 billion, a P/E ratio of 16.28 and a beta of 1.48.

Uber Technologies (NYSE:UBER) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analysts’ expectations of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business’s revenue for the quarter was up 18.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.47 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Uber Technologies 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.