Uber Technologies, Inc. (NYSE:UBER) Position Increased by Natixis Advisors LLC

Natixis Advisors LLC boosted its stake in shares of Uber Technologies, Inc. (NYSE:UBER) by 64.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 670,202 shares of the ride-sharing company’s stock after purchasing an additional 262,301 shares during the quarter. Natixis Advisors LLC’s holdings in Uber Technologies were worth $48,710,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. boosted its holdings in shares of Uber Technologies by 479.1% during the second quarter. Mizuho Securities Co. Ltd. now owns 17,140 shares of the ride-sharing company’s stock valued at $1,246,000 after acquiring an additional 14,180 shares during the period. Valmark Advisers Inc. lifted its position in Uber Technologies by 3.9% in the 2nd quarter. Valmark Advisers Inc. now owns 41,539 shares of the ride-sharing company’s stock valued at $3,019,000 after purchasing an additional 1,565 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp acquired a new position in Uber Technologies during the 2nd quarter valued at about $224,000. Ritholtz Wealth Management grew its position in Uber Technologies by 1.4% in the 2nd quarter. Ritholtz Wealth Management now owns 23,026 shares of the ride-sharing company’s stock worth $1,674,000 after purchasing an additional 322 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its position in Uber Technologies by 6.9% in the 2nd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 6,271 shares of the ride-sharing company’s stock worth $456,000 after purchasing an additional 405 shares during the last quarter. 80.24% of the stock is currently owned by institutional investors.

Uber Technologies Stock Up 1.2 %

UBER opened at $73.13 on Monday. The company has a market capitalization of $152.81 billion, a PE ratio of 117.95, a price-to-earnings-growth ratio of 1.32 and a beta of 1.36. The business has a 50-day moving average of $69.50 and a 200-day moving average of $71.42. Uber Technologies, Inc. has a fifty-two week low of $40.09 and a fifty-two week high of $82.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.21 and a quick ratio of 1.21.

Uber Technologies (NYSE:UBER) last posted its earnings results on Tuesday, August 6th. The ride-sharing company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.16. Uber Technologies had a return on equity of 17.06% and a net margin of 5.02%. The firm had revenue of $10.70 billion during the quarter, compared to analyst estimates of $10.57 billion. During the same period in the previous year, the company earned $0.18 EPS. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. Equities research analysts forecast that Uber Technologies, Inc. will post 1.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler boosted their price objective on Uber Technologies from $86.00 to $88.00 and gave the stock an “overweight” rating in a research report on Tuesday, June 25th. Bank of America reissued a “buy” rating and issued a $88.00 price target on shares of Uber Technologies in a research note on Friday, August 23rd. Jefferies Financial Group cut their price objective on shares of Uber Technologies from $103.00 to $100.00 and set a “buy” rating on the stock in a research note on Thursday, May 9th. Citigroup upped their price objective on shares of Uber Technologies from $96.00 to $98.00 and gave the stock a “buy” rating in a report on Wednesday, August 7th. Finally, Oppenheimer reissued an “outperform” rating and set a $90.00 target price on shares of Uber Technologies in a research note on Wednesday, June 5th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $87.50.

Insider Activity

In other news, CEO Dara Khosrowshahi sold 500,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $71.91, for a total value of $35,955,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,266,114 shares of the company’s stock, valued at $91,046,257.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Tony West sold 28,000 shares of Uber Technologies stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $70.67, for a total transaction of $1,978,760.00. Following the sale, the insider now directly owns 96,945 shares in the company, valued at approximately $6,851,103.15. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Dara Khosrowshahi sold 500,000 shares of the company’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 completion of the sale, the chief executive officer now 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 ninety days, insiders have sold 617,234 shares of company stock valued at $44,017,734. 3.84% of the stock is owned by insiders.

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.