StoneX Group Inc. Purchases 10,570 Shares of Uber Technologies, Inc. $UBER

StoneX Group Inc. raised its position in Uber Technologies, Inc. (NYSE:UBER) by 208.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,629 shares of the ride-sharing company’s stock after buying an additional 10,570 shares during the period. StoneX Group Inc.’s holdings in Uber Technologies were worth $1,458,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies during the first quarter valued at approximately $2,207,743,000. Norges Bank purchased a new position in Uber Technologies in the second quarter worth $2,348,319,000. Kingstone Capital Partners Texas LLC grew its stake in Uber Technologies by 334,075.7% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company’s stock valued at $1,863,545,000 after purchasing an additional 19,967,705 shares during the period. Vanguard Group Inc. increased its position in shares of Uber Technologies by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 189,551,519 shares of the ride-sharing company’s stock valued at $17,685,157,000 after purchasing an additional 3,025,483 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in shares of Uber Technologies by 105.9% during the 2nd quarter. Nordea Investment Management AB now owns 5,459,829 shares of the ride-sharing company’s stock worth $506,618,000 after purchasing an additional 2,807,967 shares during the period. Institutional investors own 80.24% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 20,330 shares in the company, valued at approximately $1,919,355.30. This trade represents a 21.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Dara Khosrowshahi sold 300,000 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $95.37, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 567,625 shares of company stock worth $55,385,660 in the last quarter. 3.70% of the stock is owned by company insiders.

Uber Technologies Stock Up 0.3%

Uber Technologies stock opened at $91.25 on Monday. The firm has a 50 day simple moving average of $92.80 and a 200 day simple moving average of $91.84. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.37. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99. The firm has a market capitalization of $189.60 billion, a price-to-earnings ratio of 11.73 and a beta of 1.19.

Uber Technologies (NYSE:UBER) last posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $13.25 billion. During the same period last year, the company earned $1.20 earnings per share. The business’s revenue for the quarter was up 20.4% on a year-over-year basis. On average, analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on UBER shares. Cantor Fitzgerald raised their price objective on shares of Uber Technologies from $107.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, November 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $108.00 price target on shares of Uber Technologies in a research note on Wednesday, October 29th. Weiss Ratings reiterated a “buy (b)” rating on shares of Uber Technologies in a research note on Monday, December 1st. BTIG Research reissued a “buy” rating and set a $100.00 price objective on shares of Uber Technologies in a report on Tuesday, November 4th. Finally, Susquehanna restated a “positive” rating and issued a $110.00 target price on shares of Uber Technologies in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $108.74.

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.