Uber Technologies, Inc. $UBER Position Lifted by Chevy Chase Trust Holdings LLC

Key Points

• Chevy Chase Trust Holdings LLC increased its position in Uber by 0.9% during Q2, now holding approximately $103.1 million worth of shares.
• Wall Street analysts generally maintain a bullish outlook on Uber, with recent price target increases by various firms, raising targets up to $115, while the consensus rating remains a "Moderate Buy."
• Uber's stock has seen a quarterly revenue growth of 18.2% year-over-year, with reported earnings surpassing consensus estimates, reflecting strong operational performance.

Chevy Chase Trust Holdings LLC lifted its holdings in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 0.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,105,396 shares of the ride-sharing company's stock after buying an additional 9,808 shares during the quarter. Chevy Chase Trust Holdings LLC owned approximately 0.05% of Uber Technologies worth $103,133,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of UBER. Vision Financial Markets LLC bought a new position in shares of Uber Technologies in the 1st quarter worth about $27,000. West Oak Capital LLC bought a new position in shares of Uber Technologies in the 2nd quarter worth about $28,000. Truvestments Capital LLC lifted its position in shares of Uber Technologies by 498.5% in the 1st quarter. Truvestments Capital LLC now owns 407 shares of the ride-sharing company's stock worth $30,000 after buying an additional 339 shares during the last quarter. Trust Co. of Toledo NA OH bought a new position in shares of Uber Technologies in the 2nd quarter worth about $30,000. Finally, Ransom Advisory Ltd bought a new position in shares of Uber Technologies in the 1st quarter worth about $31,000. 80.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. BMO Capital Markets raised their price target on shares of Uber Technologies from $101.00 to $113.00 and gave the stock an "outperform" rating in a research report on Thursday, August 7th. Sanford C. Bernstein increased their price objective on shares of Uber Technologies from $95.00 to $110.00 and gave the stock an "outperform" rating in a report on Monday, July 21st. Bank of America increased their price objective on shares of Uber Technologies from $97.00 to $115.00 and gave the stock a "buy" rating in a report on Tuesday, July 8th. Wall Street Zen cut shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Uber Technologies from $105.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. Three analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $105.68.

Uber Technologies Stock Down 2.2%

Uber Technologies stock opened at $92.47 on Friday. The stock has a market cap of $192.84 billion, a price-to-earnings ratio of 15.75 and a beta of 1.48. 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 company's 50-day moving average price is $95.17 and its two-hundred day moving average price is $88.37. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $101.99.

Uber Technologies (NYSE:UBER - Get Free Report) last released its earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. The firm 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%. Uber Technologies's quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter last year, the company earned $0.47 EPS. On average, analysts expect that Uber Technologies, Inc. will post 2.54 EPS for the current fiscal year.

Insider Activity

In other Uber Technologies news, insider Tony West sold 100,000 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $100.38, for a total transaction of $10,038,000.00. Following the transaction, the insider owned 171,558 shares of the company's stock, valued at approximately $17,220,992.04. This trade represents a 36.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.74, for a total transaction of $1,061,523.54. Following the transaction, the senior vice president directly owned 416,222 shares in the company, valued at approximately $38,184,206.28. The trade was a 2.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 601,821 shares of company stock worth $58,659,491 in the last 90 days. 3.84% of the stock is currently owned by corporate 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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