Scotia Capital Inc. Acquires 89,642 Shares of Uber Technologies, Inc. $UBER

Scotia Capital Inc. boosted its holdings in Uber Technologies, Inc. (NYSE:UBER) by 12.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 784,044 shares of the ride-sharing company’s stock after purchasing an additional 89,642 shares during the quarter. Scotia Capital Inc.’s holdings in Uber Technologies were worth $73,147,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in shares of Uber Technologies by 3.4% in the 4th quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company’s stock worth $4,491,000 after buying an additional 2,474 shares during the last quarter. Revolve Wealth Partners LLC boosted its holdings in Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company’s stock worth $939,000 after acquiring an additional 6,129 shares in the last quarter. Bison Wealth LLC boosted its holdings in Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company’s stock worth $229,000 after acquiring an additional 641 shares in the last quarter. Foundations Investment Advisors LLC grew its stake in shares of Uber Technologies by 35.3% in the first quarter. Foundations Investment Advisors LLC now owns 10,157 shares of the ride-sharing company’s stock worth $740,000 after acquiring an additional 2,649 shares during the last quarter. Finally, Vestcor Inc increased its holdings in shares of Uber Technologies by 5.9% during the first quarter. Vestcor Inc now owns 36,683 shares of the ride-sharing company’s stock valued at $2,673,000 after acquiring an additional 2,057 shares in the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Uber Technologies

In related news, CEO Dara Khosrowshahi sold 300,000 shares of Uber Technologies stock in a transaction 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 completion of the sale, the chief executive officer owned 1,132,544 shares of the company’s stock, valued at $108,010,721.28. The trade was a 20.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Tony West sold 100,000 shares of the company’s stock in a transaction 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 sale, the insider owned 171,558 shares of the company’s stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 567,625 shares of company stock worth $55,385,660 in the last ninety days. Insiders own 3.84% of the company’s stock.

Uber Technologies Stock Up 2.5%

UBER opened at $85.79 on Friday. The stock has a market capitalization of $178.26 billion, a price-to-earnings ratio of 11.03 and a beta of 1.46. The firm has a 50 day moving average price of $93.90 and a 200-day moving average price of $91.88. Uber Technologies, Inc. has a twelve month low of $59.33 and a twelve month high of $101.99. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.37.

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on UBER shares. The Goldman Sachs Group reiterated a “buy” rating on shares of Uber Technologies in a research note on Wednesday, November 5th. Susquehanna reaffirmed a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a report on Wednesday, November 5th. Truist Financial increased their price target on shares of Uber Technologies from $96.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen raised shares of Uber Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, BMO Capital Markets decreased their price objective on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a report on Wednesday, November 5th. Two research analysts have rated the stock with a Strong Buy rating, thirty have issued a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $108.26.

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.