Uber Technologies, Inc. $UBER Shares Acquired by UMB Bank n.a.

Key Points

• UMB Bank n.a. increased its stake in Uber Technologies by 605.8% in the 2nd quarter, acquiring 73,966 additional shares to bring its total holdings to 86,176 shares valued at approximately $8 million.
• Insider sales at Uber were reported, with CFO Prashanth Mahendra-Rajah selling 2,750 shares and Jill Hazelbaker selling 31,250 shares, indicating a decrease in their positions of 10.88% and 26.53%, respectively.
• Uber Technologies reported a 18.2% increase in quarterly revenue year-over-year, reaching $12.65 billion, while also beating earnings estimates with $0.63 per share.

UMB Bank n.a. lifted its stake in shares of Uber Technologies, Inc. (NYSE:UBER - Free Report) by 605.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 86,176 shares of the ride-sharing company's stock after acquiring an additional 73,966 shares during the period. UMB Bank n.a.'s holdings in Uber Technologies were worth $8,040,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Pershing Square Capital Management L.P. acquired a new stake in shares of Uber Technologies during the 1st quarter worth $2,207,743,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Uber Technologies by 334,075.7% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 19,973,682 shares of the ride-sharing company's stock worth $1,863,545,000 after buying an additional 19,967,705 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Uber Technologies by 2,571.2% during the 1st quarter. Pacer Advisors Inc. now owns 6,498,167 shares of the ride-sharing company's stock worth $473,456,000 after buying an additional 6,254,898 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 186,526,036 shares of the ride-sharing company's stock worth $13,590,287,000 after buying an additional 5,759,353 shares during the last quarter. Finally, Boston Partners increased its holdings in shares of Uber Technologies by 43.8% during the 1st quarter. Boston Partners now owns 9,031,217 shares of the ride-sharing company's stock worth $658,686,000 after buying an additional 2,749,456 shares during the last quarter. 80.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Uber Technologies

In related news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $99.42, for a total transaction of $273,405.00. Following the sale, the chief financial officer directly owned 22,528 shares in the company, valued at $2,239,733.76. This represents a 10.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jill Hazelbaker sold 31,250 shares of the company's stock in a transaction dated Friday, August 22nd. The stock was sold at an average price of $96.42, for a total transaction of $3,013,125.00. Following the transaction, the insider owned 86,531 shares in the company, valued at approximately $8,343,319.02. This trade represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 354,571 shares of company stock worth $33,810,741 over the last ninety days. Company insiders own 3.84% of the company's stock.

Uber Technologies Trading Up 4.2%

Shares of NYSE:UBER opened at $98.68 on Friday. The company has a market cap of $205.79 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.09 and a beta of 1.43. The stock's 50-day moving average is $92.63 and its 200-day moving average is $85.32. Uber Technologies, Inc. has a 52-week low of $59.33 and a 52-week high of $99.70. 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 (NYSE:UBER - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The ride-sharing company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. Uber Technologies had a return on equity of 59.96% and a net margin of 26.68%.The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $12.45 billion. During the same period in the prior year, the business earned $0.47 earnings per share. Uber Technologies's revenue for the quarter was up 18.2% compared to the same quarter last year. Equities research analysts predict that Uber Technologies, Inc. will post 2.54 earnings per share for the current year.

Analysts Set New Price Targets

UBER has been the subject of a number of research reports. Tigress Financial set a $110.00 target price on Uber Technologies and gave the stock a "buy" rating in a report on Friday, May 23rd. Morgan Stanley restated an "overweight" rating and set a $115.00 target price (up previously from $95.00) on shares of Uber Technologies in a report on Monday, July 21st. Wall Street Zen lowered shares of Uber Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Cowen reiterated a "buy" rating on shares of Uber Technologies in a report on Thursday, August 7th. Finally, JPMorgan Chase & Co. increased their price target on Uber Technologies from $105.00 to $110.00 and gave the company an "overweight" rating in a report on Friday, July 11th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and ten have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $103.06.

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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