Uber Technologies, Inc. $UBER Shares Acquired by Chesley Taft & Associates LLC

Key Points

• Chesley Taft & Associates LLC significantly increased its stake in Uber Technologies, acquiring 136,790 shares after a 4,529.1% increase during the 2nd quarter, now valued at approximately $12.76 million.
• Uber reported $12.65 billion in quarterly revenue, surpassing estimates, and earnings per share (EPS) of $0.63, exceeding analyst expectations of $0.61.
• Insider Jill Hazelbaker sold 31,250 shares of Uber stock, reflecting a 26.53% decrease in her position, with insiders selling a total of 348,696 shares worth over $33 million in the last three months.

Chesley Taft & Associates LLC increased its position in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 4,529.1% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 136,790 shares of the ride-sharing company's stock after purchasing an additional 133,835 shares during the quarter. Chesley Taft & Associates LLC's holdings in Uber Technologies were worth $12,763,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Pershing Square Capital Management L.P. purchased a new stake in shares of Uber Technologies in the 1st quarter worth about $2,207,743,000. Pacer Advisors Inc. raised its position in Uber Technologies by 2,571.2% during the first 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 last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 5,759,353 shares in the last quarter. Boston Partners grew its position 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 purchasing an additional 2,749,456 shares during the last quarter. Finally, Baillie Gifford & Co. acquired a new stake in shares of Uber Technologies in the first quarter valued at approximately $167,532,000. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Uber Technologies Stock Performance

Uber Technologies stock opened at $97.97 on Wednesday. The stock has a fifty day moving average price of $92.67 and a 200 day moving average price of $84.96. Uber Technologies, Inc. has a 52 week low of $59.33 and a 52 week high of $99.70. The firm has a market capitalization of $204.31 billion, a P/E ratio of 16.69, a PEG ratio of 1.13 and a beta of 1.43. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.41.

Uber Technologies (NYSE:UBER - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.02. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $12.45 billion. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The firm's quarterly revenue was up 18.2% on a year-over-year basis. During the same period last year, the company earned $0.47 EPS. Equities research analysts anticipate that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen downgraded Uber Technologies from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Piper Sandler boosted their price target on Uber Technologies from $95.00 to $103.00 and gave the stock an "overweight" rating in a report on Thursday, July 24th. Needham & Company LLC upped their price objective on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a research report on Monday, July 14th. Wedbush dropped their price objective on Uber Technologies from $85.00 to $84.00 and set a "neutral" rating for the company in a research report on Thursday, August 7th. Finally, Canaccord Genuity Group reissued a "hold" rating and issued a $84.00 target price (down previously from $90.00) on shares of Uber Technologies in a research note on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and ten have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $103.06.

Insiders Place Their Bets

In other Uber Technologies news, insider Jill Hazelbaker sold 31,250 shares of Uber Technologies stock in a transaction on Friday, August 22nd. The shares were sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at $8,343,319.02. This trade represents a 26.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Nikki Krishnamurthy sold 11,571 shares of the business's stock in a transaction on 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 sale, the senior vice president directly owned 416,222 shares of the company's stock, valued at $38,184,206.28. This represents a 2.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 348,696 shares of company stock valued at $33,243,774. 3.70% of the stock is currently owned by corporate insiders.

Uber Technologies 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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