Mn Services Vermogensbeheer B.V. Sells 16,700 Shares of Uber Technologies, Inc. (NYSE:UBER)

Mn Services Vermogensbeheer B.V. lessened its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 732,100 shares of the ride-sharing company’s stock after selling 16,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Uber Technologies were worth $53,209,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Uber Technologies by 2.2% during the first quarter. Vanguard Group Inc. now owns 171,253,318 shares of the ride-sharing company’s stock worth $13,184,793,000 after buying an additional 3,623,951 shares in the last quarter. Capital World Investors raised its position in Uber Technologies by 0.7% in the 4th quarter. Capital World Investors now owns 40,610,127 shares of the ride-sharing company’s stock valued at $2,500,366,000 after purchasing an additional 283,802 shares during the last quarter. Capital Research Global Investors boosted its stake in Uber Technologies by 8.2% in the first quarter. Capital Research Global Investors now owns 39,947,547 shares of the ride-sharing company’s stock worth $3,075,562,000 after purchasing an additional 3,019,431 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Uber Technologies by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 36,425,981 shares of the ride-sharing company’s stock worth $2,804,437,000 after purchasing an additional 9,996,508 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Uber Technologies during the fourth quarter worth $1,415,778,000. Institutional investors and hedge funds own 80.24% of the company’s stock.

Insider Buying and Selling

In other news, insider Tony West sold 89,234 shares of the firm’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the transaction, the insider now owns 124,945 shares in the company, valued at approximately $8,518,750.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Tony West sold 89,234 shares of the stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $68.18, for a total value of $6,083,974.12. Following the completion of the sale, the insider now owns 124,945 shares of the company’s stock, valued at approximately $8,518,750.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $71.91, for a total transaction of $35,955,000.00. Following the sale, the chief executive officer now directly owns 1,266,114 shares in the company, valued at $91,046,257.74. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 617,234 shares of company stock worth $44,017,734. 3.84% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on UBER shares. Evercore ISI upped their price target on shares of Uber Technologies from $80.00 to $90.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 7th. Wedbush reissued an “outperform” rating and set a $85.00 price target on shares of Uber Technologies in a research note on Wednesday, May 8th. Wolfe Research started coverage on shares of Uber Technologies in a report on Tuesday, July 16th. They issued an “outperform” rating and a $90.00 price target for the company. Citigroup upped their price objective on Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Piper Sandler lifted their target price on Uber Technologies from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Tuesday, June 25th. Four 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.50.

Uber Technologies Stock Up 1.4 %

NYSE UBER traded up $0.99 on Friday, reaching $74.30. The company had a trading volume of 13,065,551 shares, compared to its average volume of 18,829,795. The firm has a market capitalization of $155.25 billion, a price-to-earnings ratio of 119.84, a price-to-earnings-growth ratio of 1.30 and a beta of 1.36. The company’s fifty day moving average is $69.28 and its 200-day moving average is $71.40. Uber Technologies, Inc. has a 1-year low of $40.09 and a 1-year high of $82.14. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.21 and a current ratio of 1.21.

Uber Technologies (NYSE:UBER) last released its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.31 by $0.16. The firm had revenue of $10.70 billion for the quarter, compared to analysts’ expectations of $10.57 billion. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.18 EPS. On average, research analysts forecast that Uber Technologies, Inc. will post 1.04 earnings per share 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.