Uber Technologies, Inc. (NYSE:UBER) Shares Acquired by Scotia Capital Inc.

Scotia Capital Inc. lifted its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 10.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 694,402 shares of the ride-sharing company's stock after buying an additional 65,428 shares during the period. Scotia Capital Inc.'s holdings in Uber Technologies were worth $50,594,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Noble Wealth Management PBC acquired a new stake in Uber Technologies in the 1st quarter valued at $27,000. Kozak & Associates Inc. increased its holdings in Uber Technologies by 155.9% in the 1st quarter. Kozak & Associates Inc. now owns 366 shares of the ride-sharing company's stock valued at $27,000 after purchasing an additional 223 shares in the last quarter. GPS Wealth Strategies Group LLC increased its holdings in Uber Technologies by 305.1% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 397 shares of the ride-sharing company's stock valued at $29,000 after purchasing an additional 299 shares in the last quarter. Perkins Coie Trust Co increased its holdings in Uber Technologies by 306.0% in the 1st quarter. Perkins Coie Trust Co now owns 406 shares of the ride-sharing company's stock valued at $30,000 after purchasing an additional 306 shares in the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new stake in Uber Technologies in the 4th quarter valued at $27,000. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UBER shares. Sanford C. Bernstein increased their price target on Uber Technologies from $95.00 to $110.00 and gave the company an "outperform" rating in a report on Monday, July 21st. JMP Securities reissued a "market perform" rating on shares of Uber Technologies in a research report on Thursday, May 15th. Roth Capital upped their price objective on shares of Uber Technologies from $93.00 to $110.00 and gave the company a "buy" rating in a research report on Monday, July 14th. KeyCorp upped 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. Finally, UBS Group upped their price objective on shares of Uber Technologies from $107.00 to $115.00 and gave the company a "buy" rating in a research report on Tuesday, July 29th. Ten analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $100.71.

Uber Technologies Stock Performance

Shares of NYSE UBER opened at $86.98 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm's 50-day moving average price is $89.12 and its two-hundred day moving average price is $80.39. Uber Technologies, Inc. has a 52-week low of $54.84 and a 52-week high of $97.71. The stock has a market capitalization of $181.89 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.00 and a beta of 1.43.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its earnings results on Wednesday, May 7th. The ride-sharing company reported $0.83 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.33. Uber Technologies had a net margin of 27.07% and a return on equity of 66.46%. The firm had revenue of $11.53 billion for the quarter, compared to analysts' expectations of $11.61 billion. During the same quarter last year, the company posted ($0.32) earnings per share. Uber Technologies's revenue was up 13.8% on a year-over-year basis. As a group, sell-side analysts forecast that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber Technologies stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $95.00, for a total transaction of $261,250.00. Following the sale, the chief financial officer owned 21,975 shares of the company's stock, valued at approximately $2,087,625. The trade was a 11.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Jill Hazelbaker sold 34,884 shares of Uber Technologies stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $86.03, for a total value of $3,001,070.52. Following the sale, the insider directly owned 102,135 shares in the company, valued at approximately $8,786,674.05. This trade represents a 25.46% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,384 shares of company stock worth $3,496,071. Corporate insiders own 3.84% of the company's stock.

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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