McElhenny Sheffield Capital Management LLC Takes Position in Uber Technologies, Inc. $UBER

McElhenny Sheffield Capital Management LLC bought a new stake in Uber Technologies, Inc. (NYSE:UBER - Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 9,951 shares of the ride-sharing company's stock, valued at approximately $928,000.

A number of other large investors have also modified their holdings of UBER. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies in the first quarter valued at about $2,207,743,000. Kingstone Capital Partners Texas LLC grew its stake in shares of Uber Technologies by 334,075.7% in the second 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 buying an additional 19,967,705 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Uber Technologies by 2,571.2% in the first quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock valued at $473,456,000 after buying an additional 6,254,898 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Uber Technologies by 3.2% in the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock valued at $13,590,287,000 after buying an additional 5,759,353 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Uber Technologies by 43.8% in the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after buying an additional 2,749,456 shares in the last quarter. Institutional investors and hedge funds own 80.24% of the company's stock.

Uber Technologies Trading Up 1.6%

Shares of NYSE UBER opened at $99.32 on Thursday. The company has a market cap of $207.12 billion, a price-to-earnings ratio of 16.92 and a beta of 1.48. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $101.99. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41. The stock's 50 day simple moving average is $94.57 and its 200 day simple moving average is $87.55.

Uber Technologies (NYSE:UBER - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $12.65 billion for the quarter, compared to the consensus estimate 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 was up 18.2% on a year-over-year basis. During the same quarter last year, the business posted $0.47 EPS. Equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UBER. Sanford C. Bernstein raised their price objective on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Barclays restated an "overweight" rating and set a $110.00 price objective (up previously from $97.00) on shares of Uber Technologies in a research note on Thursday, August 7th. Susquehanna raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "positive" rating in a research note on Thursday, August 7th. Royal Bank Of Canada raised their price objective on Uber Technologies from $94.00 to $100.00 and gave the company an "outperform" rating in a research note on Thursday, August 7th. Finally, Raymond James Financial raised their price objective on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a research note on Thursday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $104.03.

Insiders Place Their Bets

In related news, insider Jill Hazelbaker sold 31,250 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the sale, the insider owned 86,531 shares of the company's stock, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Dara Khosrowshahi sold 150,000 shares of Uber Technologies stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $100.48, for a total value of $15,072,000.00. Following the sale, the chief executive officer directly owned 982,544 shares in the company, valued at $98,726,021.12. The trade was a 13.24% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 601,821 shares of company stock worth $58,659,491. 3.84% of the stock is currently owned by insiders.

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.

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