DekaBank Deutsche Girozentrale Acquires 8,288 Shares of Uber Technologies, Inc. $UBER

Key Points

• DekaBank Deutsche Girozentrale has increased its holdings in Uber Technologies by 0.9%, acquiring an additional 8,288 shares, bringing its total to 937,682 shares valued at approximately $87.18 million.
• Other institutional investors have also increased their stakes in Uber, with 80.24% of the stock now owned by such investors.
• Analysts are optimistic about Uber, with several firms raising their price targets and giving ratings of "overweight" or "buy," reflecting a consensus rating of "Moderate Buy" with an average price target of $105.68.

DekaBank Deutsche Girozentrale increased its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 937,682 shares of the ride-sharing company's stock after buying an additional 8,288 shares during the period. DekaBank Deutsche Girozentrale's holdings in Uber Technologies were worth $87,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in 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 purchasing an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Uber Technologies by 65.0% in the 4th quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock worth $939,000 after purchasing an additional 6,129 shares in the last quarter. Bison Wealth LLC lifted its stake in Uber Technologies by 20.3% in the 4th quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock worth $229,000 after purchasing an additional 641 shares in the last quarter. GAMMA Investing LLC lifted its stake in Uber Technologies by 319.6% in the 1st quarter. GAMMA Investing LLC now owns 22,753 shares of the ride-sharing company's stock worth $1,658,000 after purchasing an additional 17,330 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Uber Technologies by 44.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 217,196 shares of the ride-sharing company's stock worth $15,825,000 after purchasing an additional 66,783 shares in the last quarter. 80.24% of the stock is owned by institutional investors.

Insider Transactions at Uber Technologies

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the business's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $99.42, for a total value of $273,405.00. Following the transaction, the chief financial officer owned 22,528 shares in the company, valued at approximately $2,239,733.76. The trade was a 10.88% 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, insider Jill Hazelbaker sold 31,250 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the completion of the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. The trade was a 26.53% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 604,946 shares of company stock valued at $58,950,116. Company insiders own 3.70% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on UBER shares. JPMorgan Chase & Co. raised their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a research report on Friday, July 11th. Piper Sandler raised their price objective on shares of Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. KeyCorp raised their price objective on shares of Uber Technologies from $90.00 to $110.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Cowen restated a "buy" rating on shares of Uber Technologies in a research report on Thursday, August 7th. Finally, Needham & Company LLC raised their price objective on shares of Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Three research analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $105.68.

Uber Technologies Price Performance

Shares of NYSE:UBER opened at $93.73 on Tuesday. The stock has a market cap of $195.46 billion, a PE ratio of 15.97 and a beta of 1.48. The company's fifty day moving average is $95.28 and its 200 day moving average is $88.93. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its 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 company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $12.45 billion. Uber Technologies had a net margin of 26.68% and a return on equity of 59.96%. The firm's revenue was up 18.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. Research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current 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.

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