Uber Technologies, Inc. (NYSE:UBER) Stock Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC grew its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 16.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 856,827 shares of the ride-sharing company's stock after acquiring an additional 119,026 shares during the period. Commonwealth Equity Services LLC's holdings in Uber Technologies were worth $62,428,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Raiffeisen Bank International AG lifted its stake in shares of Uber Technologies by 23.3% in the first quarter. Raiffeisen Bank International AG now owns 781,181 shares of the ride-sharing company's stock worth $56,831,000 after buying an additional 147,531 shares during the last quarter. Smithfield Trust Co lifted its stake in shares of Uber Technologies by 12.9% in the first quarter. Smithfield Trust Co now owns 1,414 shares of the ride-sharing company's stock worth $102,000 after buying an additional 162 shares during the last quarter. Blair William & Co. IL raised its stake in Uber Technologies by 5.6% during the 1st quarter. Blair William & Co. IL now owns 4,248,809 shares of the ride-sharing company's stock valued at $309,568,000 after purchasing an additional 226,234 shares during the last quarter. Argent Trust Co raised its stake in Uber Technologies by 10.1% during the 1st quarter. Argent Trust Co now owns 35,014 shares of the ride-sharing company's stock valued at $2,551,000 after purchasing an additional 3,213 shares during the last quarter. Finally, Scotia Capital Inc. raised its stake in Uber Technologies by 10.4% during the 1st quarter. Scotia Capital Inc. now owns 694,402 shares of the ride-sharing company's stock valued at $50,594,000 after purchasing an additional 65,428 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on UBER shares. Barclays upped their target price on shares of Uber Technologies from $86.00 to $97.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. JMP Securities reiterated a "market perform" rating on shares of Uber Technologies in a research note on Thursday, May 15th. Royal Bank Of Canada restated an "outperform" rating and issued a $82.00 price objective on shares of Uber Technologies in a research note on Monday, May 5th. TD Cowen dropped their price objective on shares of Uber Technologies from $90.00 to $88.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Finally, Morgan Stanley restated an "overweight" rating and issued a $115.00 price objective (up previously from $95.00) on shares of Uber Technologies in a research note on Monday, July 21st. Ten research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, Uber Technologies presently has an average rating of "Moderate Buy" and an average price target of $100.71.

Insider Buying and Selling

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction on Monday, July 7th. The stock was sold at an average price of $95.00, for a total value of $261,250.00. Following the transaction, the chief financial officer directly owned 21,975 shares in the company, valued at $2,087,625. This trade represents a 11.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Jill Hazelbaker sold 34,884 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $86.03, for a total value of $3,001,070.52. Following the completion of the transaction, the insider owned 102,135 shares in the company, valued at approximately $8,786,674.05. This represents a 25.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies Stock Up 1.9%

Shares of NYSE UBER opened at $88.56 on Tuesday. The stock has a 50-day moving average price of $89.12 and a two-hundred day moving average price of $80.47. Uber Technologies, Inc. has a 12 month low of $54.84 and a 12 month high of $97.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $185.20 billion, a price-to-earnings ratio of 15.51, a PEG ratio of 1.00 and a beta of 1.43.

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

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.

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