Mn Services Vermogensbeheer B.V. Purchases 25,100 Shares of Uber Technologies, Inc. $UBER

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Uber Technologies by 3.7%, acquiring 25,100 additional shares, bringing their total holdings to 703,600 shares valued at approximately $65.6 million.
• Insider Jill Hazelbaker sold 31,250 shares at an average price of $96.42, which reflects a 26.53% decrease in her ownership position.
• Wall Street analysts continue to have a positive outlook on Uber, with target price increases from multiple firms, leading to an average rating of "Moderate Buy" and an average price target of $103.06.

Mn Services Vermogensbeheer B.V. lifted its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 3.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 703,600 shares of the ride-sharing company's stock after purchasing an additional 25,100 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Uber Technologies were worth $65,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Pershing Square Capital Management L.P. purchased a new position in Uber Technologies during the first quarter worth about $2,207,743,000. Pacer Advisors Inc. boosted its holdings in Uber Technologies by 2,571.2% in the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after acquiring an additional 6,254,898 shares during the period. Vanguard Group Inc. lifted its stake in Uber Technologies by 3.2% during the first quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after purchasing an additional 5,759,353 shares during the last quarter. Boston Partners increased its holdings in shares of Uber Technologies by 43.8% during the first quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock valued at $658,686,000 after purchasing an additional 2,749,456 shares during the period. Finally, Baillie Gifford & Co. purchased a new position in Uber Technologies in the 1st quarter worth about $167,532,000. Institutional investors own 80.24% of the company's stock.

Uber Technologies Stock Up 4.2%

Shares of NYSE UBER traded up $3.98 during mid-day trading on Friday, reaching $98.68. The company had a trading volume of 38,703,086 shares, compared to its average volume of 16,364,744. The company has a market capitalization of $205.79 billion, a price-to-earnings ratio of 16.81, a PEG ratio of 1.13 and a beta of 1.43. The stock has a fifty day moving average of $92.63 and a two-hundred day moving average of $85.38. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.11 and a current ratio of 1.11. Uber Technologies, Inc. has a 12-month low of $59.33 and a 12-month high of $99.70.

Uber Technologies (NYSE:UBER - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same period in the previous year, the business posted $0.47 earnings per share. The firm's revenue for the quarter was up 18.2% compared to the same quarter last year. As a group, equities research analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America upped their target price on Uber Technologies from $97.00 to $115.00 and gave the company a "buy" rating in a research note on Tuesday, July 8th. Canaccord Genuity Group restated a "hold" rating and issued a $84.00 price target (down from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. Morgan Stanley reaffirmed an "overweight" rating and issued a $115.00 price objective (up from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Wall Street Zen lowered Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Piper Sandler increased their price objective on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a research note on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $103.06.

Insider Buying and Selling at Uber Technologies

In other news, CEO Dara Khosrowshahi sold 300,000 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer directly owned 1,132,544 shares in the company, valued at approximately $108,010,721.28. This represents a 20.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tony West sold 3,125 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $93.94, for a total value of $293,562.50. Following the sale, the insider owned 171,558 shares in the company, valued at approximately $16,116,158.52. This represents a 1.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 354,571 shares of company stock valued at $33,810,741 in the last ninety days. 3.84% of the stock is owned by corporate insiders.

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.