Uber Technologies, Inc. $UBER Shares Bought by Fort Washington Investment Advisors Inc. OH

Key Points

• Fort Washington Investment Advisors Inc. OH increased its stake in Uber Technologies by 42.7%, owning a total of 759,077 shares valued at approximately $70.82 million after acquiring an additional 226,960 shares in the second quarter.
• In recent transactions, CFO Prashanth Mahendra-Rajah sold 2,750 shares of Uber stock, representing a 10.88% decrease in his position, while insiders sold a total of 604,571 shares worth approximately $58.92 million last quarter.
• Wall Street analysts are optimistic, with multiple brokerages raising their target prices on Uber, resulting in a consensus price target of $103.30 and a rating of "Moderate Buy."

Fort Washington Investment Advisors Inc. OH grew its position in Uber Technologies, Inc. (NYSE:UBER - Free Report) by 42.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 759,077 shares of the ride-sharing company's stock after buying an additional 226,960 shares during the quarter. Fort Washington Investment Advisors Inc. OH's holdings in Uber Technologies were worth $70,822,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of UBER. Brighton Jones LLC grew its stake in shares of Uber Technologies by 3.4% in the fourth quarter. Brighton Jones LLC now owns 74,460 shares of the ride-sharing company's stock valued at $4,491,000 after buying an additional 2,474 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in shares of Uber Technologies by 65.0% in the fourth quarter. Revolve Wealth Partners LLC now owns 15,563 shares of the ride-sharing company's stock valued at $939,000 after buying an additional 6,129 shares in the last quarter. Bison Wealth LLC grew its stake in shares of Uber Technologies by 20.3% in the fourth quarter. Bison Wealth LLC now owns 3,792 shares of the ride-sharing company's stock valued at $229,000 after buying an additional 641 shares in the last quarter. Versant Capital Management Inc grew its stake in shares of Uber Technologies by 251.3% in the first quarter. Versant Capital Management Inc now owns 4,398 shares of the ride-sharing company's stock valued at $320,000 after buying an additional 3,146 shares in the last quarter. Finally, Moody National Bank Trust Division grew its stake in shares of Uber Technologies by 6.0% in the first quarter. Moody National Bank Trust Division now owns 19,166 shares of the ride-sharing company's stock valued at $1,396,000 after buying an additional 1,085 shares in the last quarter. 80.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Uber Technologies news, CFO Prashanth Mahendra-Rajah sold 2,750 shares of the stock in a transaction 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 owned 22,528 shares in the company, valued at approximately $2,239,733.76. This represents a 10.88% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jill Hazelbaker sold 31,250 shares of the stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $96.42, for a total value of $3,013,125.00. Following the transaction, the insider directly owned 86,531 shares in the company, valued at approximately $8,343,319.02. This represents a 26.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 604,571 shares of company stock worth $58,920,741 in the last quarter. 3.84% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UBER shares. Raymond James Financial lifted their target price on Uber Technologies from $100.00 to $105.00 and gave the company a "strong-buy" rating in a report on Thursday, August 7th. Piper Sandler lifted their target price on Uber Technologies from $95.00 to $103.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. UBS Group lifted their target price on Uber Technologies from $115.00 to $117.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $106.00 target price (up from $96.00) on shares of Uber Technologies in a report on Wednesday, June 25th. Finally, Needham & Company LLC lifted their target price on Uber Technologies from $100.00 to $109.00 and gave the company a "buy" rating in a report on Monday, July 14th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $103.30.

Uber Technologies Stock Performance

UBER opened at $98.37 on Friday. The stock has a market cap of $205.14 billion, a P/E ratio of 16.76 and a beta of 1.43. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.11 and a quick ratio of 1.11. The stock's 50 day simple moving average is $93.29 and its 200 day simple moving average is $86.24. Uber Technologies, Inc. has a 1-year low of $59.33 and a 1-year high of $101.99.

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