ProShare Advisors LLC Purchases 14,954 Shares of Uber Technologies, Inc. (NYSE:UBER)

ProShare Advisors LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 286,584 shares of the ride-sharing company’s stock after buying an additional 14,954 shares during the quarter. ProShare Advisors LLC’s holdings in Uber Technologies were worth $22,064,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in UBER. Financial Management Professionals Inc. grew its position in Uber Technologies by 111.6% during the first quarter. Financial Management Professionals Inc. now owns 383 shares of the ride-sharing company’s stock valued at $29,000 after buying an additional 202 shares during the period. CVA Family Office LLC purchased a new stake in Uber Technologies during the fourth quarter valued at about $30,000. Highlander Capital Management LLC lifted its holdings in Uber Technologies by 100.0% during the fourth quarter. Highlander Capital Management LLC now owns 500 shares of the ride-sharing company’s stock valued at $31,000 after purchasing an additional 250 shares during the last quarter. Bfsg LLC purchased a new stake in Uber Technologies during the fourth quarter valued at about $31,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in Uber Technologies by 49.7% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 524 shares of the ride-sharing company’s stock valued at $32,000 after purchasing an additional 174 shares during the last quarter. Institutional investors own 80.24% of the company’s stock.

Uber Technologies Stock Performance

Shares of Uber Technologies stock opened at $68.62 on Thursday. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $143.38 billion, a P/E ratio of 110.68, a P/E/G ratio of 1.62 and a beta of 1.36. The business has a fifty day simple moving average of $68.57 and a two-hundred day simple moving average of $70.63. Uber Technologies, Inc. has a 12 month low of $40.09 and a 12 month high of $82.14.

Uber Technologies (NYSE:UBER) last announced its quarterly earnings data on Wednesday, May 8th. The ride-sharing company reported ($0.32) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.53). The firm had revenue of $10.13 billion for the quarter, compared to analysts’ expectations of $10.09 billion. Uber Technologies had a net margin of 3.60% and a return on equity of 12.81%. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.08) EPS. On average, equities analysts forecast that Uber Technologies, Inc. will post 0.85 earnings per share for the current fiscal year.

Insider Buying and Selling at Uber Technologies

In other Uber Technologies news, insider Tony West sold 18,750 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the sale, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Tony West sold 18,750 shares of the business’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $65.63, for a total transaction of $1,230,562.50. Following the completion of the transaction, the insider now directly owns 206,338 shares in the company, valued at approximately $13,541,962.94. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $71.91, for a total value of $35,955,000.00. Following the transaction, the chief executive officer now owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The disclosure for this sale can be found here. Insiders sold a total of 1,135,984 shares of company stock worth $78,213,297 in the last three months. 3.84% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on UBER. Piper Sandler upped their price objective on shares of Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Tuesday, June 25th. Roth Mkm reissued a “buy” rating and issued a $89.00 price target (down from $91.00) on shares of Uber Technologies in a report on Friday, May 10th. Truist Financial increased their price target on shares of Uber Technologies from $90.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Citigroup increased their price target on shares of Uber Technologies from $93.00 to $96.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $90.00 price target on shares of Uber Technologies in a report on Monday. Two equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, Uber Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $85.44.

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.