Uber Technologies, Inc. $UBER Shares Bought by Mackenzie Financial Corp

Mackenzie Financial Corp grew its position in Uber Technologies, Inc. (NYSE:UBER) by 126.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,210,277 shares of the ride-sharing company’s stock after acquiring an additional 675,002 shares during the period. Mackenzie Financial Corp’s holdings in Uber Technologies were worth $112,919,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Nova Wealth Management Inc. increased its stake in shares of Uber Technologies by 41.0% in the 1st quarter. Nova Wealth Management Inc. now owns 430 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Atticus Wealth Management LLC boosted its position in Uber Technologies by 39.8% during the second quarter. Atticus Wealth Management LLC now owns 446 shares of the ride-sharing company’s stock worth $42,000 after purchasing an additional 127 shares in the last quarter. Sound View Wealth Advisors Group LLC grew its holdings in Uber Technologies by 4.4% in the second quarter. Sound View Wealth Advisors Group LLC now owns 3,051 shares of the ride-sharing company’s stock valued at $285,000 after purchasing an additional 129 shares during the period. Clearstead Trust LLC grew its holdings in Uber Technologies by 0.5% in the second quarter. Clearstead Trust LLC now owns 25,981 shares of the ride-sharing company’s stock valued at $2,424,000 after purchasing an additional 130 shares during the period. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Uber Technologies by 0.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 18,883 shares of the ride-sharing company’s stock valued at $1,762,000 after buying an additional 132 shares in the last quarter. 80.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

UBER has been the topic of a number of recent analyst reports. Mizuho began coverage on Uber Technologies in a research report on Monday, September 29th. They set an “outperform” rating and a $130.00 target price on the stock. BMO Capital Markets reduced their price objective on shares of Uber Technologies from $113.00 to $106.00 and set an “outperform” rating for the company in a research report on Wednesday, November 5th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Uber Technologies in a report on Wednesday, November 5th. Wells Fargo & Company dropped their target price on shares of Uber Technologies from $125.00 to $120.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 5th. Finally, Barclays cut their target price on shares of Uber Technologies from $110.00 to $107.00 and set an “overweight” rating for the company in a research note on Wednesday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $108.26.

Uber Technologies Trading Up 2.2%

Shares of UBER opened at $87.58 on Friday. 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 $181.98 billion, a PE ratio of 11.26 and a beta of 1.46. The firm’s fifty day moving average is $93.68 and its two-hundred day moving average is $91.88. 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 posted its quarterly earnings results on Tuesday, November 4th. The ride-sharing company reported $3.11 earnings per share for the quarter, topping the consensus estimate of $0.67 by $2.44. The firm had revenue of $13.47 billion for the quarter, compared to the consensus estimate of $13.25 billion. Uber Technologies had a net margin of 33.54% and a return on equity of 68.17%. The company’s revenue for the quarter was up 20.4% on a year-over-year basis. During the same period last year, the firm posted $1.20 earnings per share. Research analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other news, insider Tony West sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $92.10, for a total value of $287,812.50. Following the completion of the sale, the insider directly owned 174,135 shares in the company, valued at $16,037,833.50. This represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Prashanth Mahendra-Rajah sold 5,500 shares of the 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 sale, the chief financial officer directly owned 20,330 shares of the company’s stock, valued at approximately $1,919,355.30. This represents a 21.29% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 567,625 shares of company stock worth $55,385,660. Insiders own 3.84% of the company’s stock.

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.